What Nvidia Could Be Worth on a $1,000 Investment if History Repeats Itself
Nvidia could still deliver impressive gains if Wall Street keeps raising its earnings estimates.
Overview
Nvidia (NASDAQ: NVDA) closed at $197.01 on July 28, so a $1,000 investment would purchase approximately 5.08 fractional shares.
Image source: Getty Images.
In this article, "history repeats itself" does not mean Nvidia must reproduce an earlier stock return or return to one of its highest valuation multiples. Instead, it refers to Wall Street once again raising its earnings estimates and a modest valuation expansion as a major product cycle develops.
Details
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.