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- Nvidia stock has been rising due to the retail investor excitement about the stock split.
- At the same time, the sales growth is expected to slow, while the valuation multiples point to the bubble.
- Further, the macro environment is deteriorating, with recession risks rising, which should negatively affect a cyclical company like Nvidia.
NVDA is not a long-term buy and hold
Investors who bought Nvidia (NASDAQ:NVDA) stock last year or even recently this year have significant paper gains, as NVDA is up 174% YTD, and an astonishing 3547% over the last 5 years. Nvidia is now $3.33T market cap company, the largest company by market cap in the world.
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