2024-07-12 09:00:00 ET
Summary
- Nvidia stock has seen a remarkable increase of over 3,000% in the past 5 years, outperforming the S&P 500 by more than 35 times.
- The risks to investing in Nvidia include potential competition from companies developing their own chips and a potential decline in demand as infrastructure upgrades slow down.
- Despite the stock's high valuation, Nvidia's strong financials and potential for future growth make it an attractive investment opportunity, with the possibility of further share buybacks driving earnings growth.
Like many investors, I missed out on one of the most incredible runs I have seen from a stock over the past several years. Shares of Nvidia Corporation ( NVDA ) on a split-adjusted basis increased from $4 on July 10 th , 2019, to $32.67 on November 24 th, 2021, before retracing back down to $11.23 on October 14 th, 2022. What happened since the market bottomed is incredible, as shares of NVDA increased by more than 10x in less than 2 years, reaching $140.76. Today, shares are trading for $135.51, and NVDA has appreciated by 3,119.62% over the past 5 years....
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Nvidia: I'm Late To The Party But I'm Buying