Hold Or Sell Nvidia Shares? Investors Weigh Options After Recent Turbulence: '...I Do Think The Stock Is Overvalued'
Portfolio Pulse from Benzinga Neuro
NVIDIA Corp. (NASDAQ:NVDA) has experienced significant volatility, with its stock soaring over 200% in 2023 due to AI buzz, then dropping more than 7% recently. Investors are divided on whether to hold or sell, with some citing overvaluation concerns. Vahan Janjigian of Greenwich Wealth Management sold part of his Nvidia shares, Paul Gambles of MBMG Family Office Group advises selling due to potential declines, while Louis Navellier remains bullish, predicting a future $1,000 stock price.
March 13, 2024 | 8:52 am
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NVIDIA Corp. has seen its stock price fluctuate significantly, with a major increase followed by a recent drop. Investor opinions vary, with some seeing overvaluation and others remaining optimistic about future growth.
The short-term impact on NVDA's stock price is uncertain due to mixed investor sentiments. The stock's significant rise this year, followed by recent declines, has led to a debate on its valuation. While some investors have sold shares, citing overvaluation, others remain bullish, expecting further growth. This divergence in opinions could lead to increased volatility in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100