Prediction: $1,104 Invested in Nvidia Today Will Be Worth This Much by 2030
The chipmaking giant's valuation can't go down forever.
Overview
Over the past year, Nvidia (NASDAQ: NVDA) shareholders have had to take the good with the bad. For the last five consecutive quarters, the company has reported blowout quarterly results. That's good. But Nvidia's stock price has dropped immediately following each announcement. That's bad.
Luckily, it hasn't kept shares from growing by 25% over the past year, handily beating the S&P 500 (up 18%). But it has been frustrating for investors to see the company's valuation metrics keep dropping as its revenue and profits keep climbing.
Details
But I think that Nvidia's share price will continue to rise over the next four years.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.