2024-06-26 10:20:00 ET
Nvidia (NASDAQ: NVDA) has delivered staggering, market-beating gains, but would you believe it hasn't always been that way? You don't have to go back far to see when it has struggled -- Nvidia stock lost a full 50% of its value in 2022.
Investors who didn't buy Nvidia stock during that down period might be kicking themselves since those steep losses were immediately followed by the artificial intelligence craze that has been fueling the stock (and the broad market) for almost two years now. But if that's you, don't feel too bad. Very few people understood the changes generative AI would usher in for the world.
If you do own Nvidia stock and have benefited from its incredible gains recently, you should keep in mind there's real debate about how long its streak can go on. It's up over 700% since the beginning of 2023, it trades at a high valuation, and the company is facing increasing competition. There's likely to be significant pullback at some point -- here's how to keep it from upending your portfolio.
For further details see:
One Day, Nvidia Stock Will Go Down. Here's How to Keep It From Hurting Your Portfolio.