These 2 Stocks Carry a Lot of Risk, But Their Upside Is Huge
Investing in high-growth stocks takes the proper outlook and mindset. Investors should be looking at holding for the long term and realize there will be much volatility along the way. That is magnified even further when these companies are working to build out disruptive technologies.
Owners of two widely followed stocks experienced that turbulence in a big way as a bear market progressed in 2022. Stocks of electric vehicle trailblazer (NASDAQ: TSLA) and semiconductor chip disruptor Nvidia (NASDAQ: NVDA) plunged 65% and 50%, respectively, last year. But both have rebounded sharply in 2023, providing a glimpse into the kind of roller coaster ride stocks like these can take in a relatively short period. While the investment risk grew with the recent stock price surges, both companies still offer the potential for huge gains ahead.
Investors were flocking to Nvidia as its gaming and data center segment revenues soared throughout its fiscal 2021 and 2022 periods. Then a shock came in the quarterly period ended July 31, 2022. Sales from gaming chips suddenly plummeted 44% from the previous quarter.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 17.16% compared to the current price of 204.85 € for Tesla Inc.
