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Nvidia Reaching $1 Trillion Will Be Tricky, But Growth Is Inevitable
Some say NVDA stock could more than triple it s market cap, but until then it still has plenty of upside
Dec 11, 2020, 3:32 pm EDT
December 11, 2020
Nvidia (NASDAQ:
NVDA) is a story unto itself. Buoyed by the familiar catalysts of data centers and graphics processing units (GPUs), NVDA stock is up over 120% year-to-date (YTD) and is one of the biggest domestic chip manufacturers by market capitalization.
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As of Dec. 11, Nvidia is off 13.3% from its 52-week high. That decline could extend, but for several years now, essentially every pullback has been an invitation to embrace this stock. Waiting for Nvidia to be “cheap” is a fool’s errand because, well, it’s basically always expensive. However, there might be some value here if analysts are correct because the stock labors around $520 with a median consensus ....

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