2024-06-21 10:07:07 ET
Summary
- Nvidia Corporation briefly became the world's most valuable company with a market cap of $3.34T, fueled by a strong earnings report and AI hype.
- Nvidia's management team, led by founder and CEO Jensen Huang, has a clear vision for future growth, focusing on AI dominance and yearly innovation.
- Initiating coverage with a hold based on Nvidia's recent run, valuation sensitivity, and potential economic factors.
- My analysis specializes in identifying companies that are experiencing growth at a reasonable price. Rating systems don't consider time horizons, risk profiles, or investment strategies.
Investment Thesis
In a stunning turn of events, Nvidia Corporation ( NVDA ) stock rocketed past Microsoft ( MSFT ) and Apple ( AAPL ) to become the world's most valuable company, reaching a market cap of $3.34T. However, with Wednesday's market closure for Juneteenth, its reign lasted at least a day....
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Hold Nvidia: Better Opportunities Await