TECH - To Buy Or Not To Buy? Nvidia's Skyrocketing Shares Stir Investor Debate Whether Jensen Huang-Led Tech Giant Will Maintain This Rally | Benzinga
The remarkable rally in Nvidia Corp’s (NASDAQ:NVDA) shares has left investors contemplating whether to cash in, hold on for additional gains, or pursue a stock that has tripled in the past year.
What Happened: Led by Jensen Huang, Nvidia became the largest U.S. company by market value this week, following a more than 1,000% surge in share price since October 2022. The company’s stock has risen 206% in the last 12 months.
Investors bullish on Nvidia predict further gains, citing the company’s dominance in providing chips for artificial intelligence applications. However, some are wary of the stock’s high valuation, Reuters reported on Friday.
Nvidia’s forward price-to-earnings ratio has grown by 80% this year, making the company’s shares potentially more susceptible to ...