Nvidia Stock: Not The Time To Buy The Dip

Summary:

  • Nvidia Corporation stock is still expensive relative to peers’ according to valuation ratios.
  • The company’s profitability indicators are high.
  • Nvidia has a great track record of exceeding analysts’ forecasts. But these expectations only get higher.
  • Nvidia is still the market leader and enjoys its FAANG customers’ loyalty.
  • Nvidia stock is not a great buy because it is not cheap enough.

Nvidia Corporation building in Taipei, Taiwan.

BING-JHEN HONG

NVIDIA Corporation (NASDAQ:NVDA) stock has recently corrected somewhat after Intel Corporation’s (INTC) worse-than-expected results, but most importantly, recession expectations. Some investors consider the recent correction to be a superb opportunity to buy some more shares


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