Nvidia's stock hit a new high after Q3 earnings!
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GoGoGoUSA
joined discussion · Nov 21, 2024 04:22
$NVIDIA (NVDA.US)$ Hoping for the market to digest the high ...
$NVIDIA (NVDA.US)$ Hoping for the market to digest the high growth expectations after the financial report, the stock price retraces to the key support level at 125. Nvidia benefits in the long term from AI and datacenter business drives, but the current valuation overshoots some of the growth, a short-term adjustment will help provide me with better entry opportunities!
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Wilderness Hunter : Would you have seen today's NVDA chips 3 years ago
GoGoGoUSA OP Wilderness Hunter : Technological innovation is undeniable, but it does not mean that a stock price far exceeding the actual profit level is reasonable, nor does it mean that the market's excessive expectations will not be adjusted. Exceeding everyone's expectations from three years ago to today also does not mean that a high valuation can be sustained, instead, it may lead to even greater adjustment room.