As Nvidia Stock Rallies 8% This Week, Expert Says 'Be Patient' And Look For 'Opportunity' To Buy Jensen Huang-Led Company Shares At 'Lower Levels'
Portfolio Pulse from Benzinga Neuro
Nvidia's stock has rallied 8% this week, and financial advisor Delano Saporu suggests investors be patient or look for buying opportunities at lower levels. Nvidia's valuation has surged due to high demand for its AI chips, making it the second most valuable company in the U.S. The company plans a ten-for-one stock split to attract more individual investors.
June 07, 2024 | 1:00 pm
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Nvidia's stock has surged 8% this week, driven by high demand for its AI chips. Financial advisor Delano Saporu suggests investors be patient or look for buying opportunities at lower levels. Nvidia's valuation has increased by 147% in 2024, and the company plans a ten-for-one stock split.
Nvidia's stock has seen significant growth due to high demand for its AI chips, making it the second most valuable company in the U.S. The financial advisor's comments suggest potential buying opportunities at lower levels, which could attract more investors. The planned stock split is also likely to make the stock more accessible to individual investors.
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