Wall Street's 'Dean Of Valuation' Still Thinks Nvidia's Market Cap Is Too High But Says This Is A Story 'We Could Find Plausible Paths To Get To $3 Trillion'
Portfolio Pulse from Shanthi Rexaline
Nvidia Corp. (NASDAQ: NVDA) briefly surpassed a $3 trillion market cap, sparking debate about its true value. NYU Professor Aswath Damodaran believes Nvidia is overvalued but acknowledges its potential to reach $3 trillion. Nvidia's stock has surged over 54% since mid-2023, and the company will undergo a 10-for-1 stock split on Friday.
June 06, 2024 | 8:23 am
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Nvidia's market cap briefly surpassed $3 trillion, but valuation concerns persist. The company will undergo a 10-for-1 stock split, which could attract more retail investors.
Nvidia's brief $3 trillion market cap highlights its strong momentum, but valuation concerns from experts like Damodaran could temper enthusiasm. The upcoming 10-for-1 stock split is likely to attract more retail investors, potentially boosting short-term demand.
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