Nvidia: Sell The News


  • I was very bullish on Nvidia around the $100-120 range (long-term buy-in target).
  • Nvidia skyrocketed by more than 100% from its mid-October bottom and continues to run higher in pre-market after posting earnings.
  • This spike could be an excellent time to sell the news, taking short-term profits on Nvidia, as the company’s valuation is getting ridiculous again.
  • At this sky-high valuation and the uncertain economic environment, Nvidia is a sell at $230.
  • However, I like Nvidia long-term and will begin accumulating shares around the $180-$160 level and will back up the truck if the stock drops even lower.
Semiconductor Maker Nvidia Reports Quarterly Earnings

Justin Sullivan

Nvidia (NASDAQ:NVDA) has been one of my favorite companies and one of my best-performing investments in recent years. However, as tech stocks went wild toward the end of 2021, I used Nvidia as the brightest example of why stock markets were

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I am long a diversified portfolio with hedges.

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