Prediction: Nvidia Stock Is Going to Soar After May 1
Nvidia (NASDAQ: NVDA) has been taking a beating so far this year. Shares have plunged nearly 30% year to date as of this writing. Yet the stock is still higher by more than 27% over the past 12 months.The artificial intelligence (AI) leader remains one of the largest companies by market cap, valued at about $2.4 trillion. The question for investors is whether Nvidia stock can regain its momentum and return the company to a valuation of $3 trillion or beyond. I believe it can, and I think one key date to watch is coming up on May 1.The decline in Nvidia shares in recent months has had several forces behind it. Most obvious was the stock's more than 800% return over the two-year period ending Dec. 31, 2024. It's natural for some investors to want to protect those gains. Trying to time stock prices can be hazardous to one's financial health, though. Long-term investments are better left untouched if the company's underlying business prospects remain strong.Continue reading
Nvidia (NASDAQ: NVDA) has been taking a beating so far this year. Shares have plunged nearly 30% year to date as of this writing. Yet the stock is still higher by more than 27% over the past 12 months.
The artificial intelligence (AI) leader remains one of the largest companies by market cap, valued at about $2.4 trillion. The question for investors is whether Nvidia stock can regain its momentum and return the company to a valuation of $3 trillion or beyond. I believe it can, and I think one key date to watch is coming up on May 1.
The decline in Nvidia shares in recent months has had several forces behind it. Most obvious was the stock's more than 800% return over the two-year period ending Dec. 31, 2024. It's natural for some investors to want to protect those gains. Trying to time stock prices can be hazardous to one's financial health, though. Long-term investments are better left untouched if the company's underlying business prospects remain strong.
