Wall Street Is Screaming to Buy Nvidia Stock Hand Over Fist Right Now. Should You Listen?
Nvidia (NASDAQ: NVDA) is down roughly 30% below its previous high. This isn't a new experience for the stock. Since its initial public offering (IPO) in 1999, Nvidia's share price has plunged by that amount or more from its previous peak eight other times. Importantly, Nvidia eventually rebounded strongly every time in the past after a steep sell-off. With that in mind, it's probably not surprising that Wall Street is screaming to buy Nvidia stock hand over fist right now. But should you listen?Nine analysts have issued ratings on Nvidia in the second half of April. Eight recommend buying the stock. Raymond James views Nvidia as a "strong buy." Continue reading
Nvidia (NASDAQ: NVDA) is down roughly 30% below its previous high. This isn't a new experience for the stock. Since its initial public offering (IPO) in 1999, Nvidia's share price has plunged by that amount or more from its previous peak eight other times.
Importantly, Nvidia eventually rebounded strongly every time in the past after a steep sell-off. With that in mind, it's probably not surprising that Wall Street is screaming to buy Nvidia stock hand over fist right now. But should you listen?
Nine analysts have issued ratings on Nvidia in the second half of April. Eight recommend buying the stock. Raymond James views Nvidia as a "strong buy."