Will Nvidia Stock Fly or Fall in 2023?
Shares of graphics card specialist Nvidia (NASDAQ: NVDA) fell hard in 2022 as a major slowdown in the company's growth gave investors a reason to hit the sell button amid the broader stock market sell-off. But it looks like the chipmaker is about to enter 2023 at an advantage. Nvidia stock has rallied impressively over the past three months, jumping 23% as of this writing.
Will Nvidia be able to sustain its hot stock market rally in 2023? Or will the weakness in the chipmaker's gaming business catch up with it and trigger a sell-off once again? Let's find out.
There are a couple of solid reasons why Nvidia stock could sustain its rally and head higher in 2023.
Source Fool.com
