9/15/2023 0 Comments Bubble trouble doll![]() The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. And if you’re not invested in Nvidia now, there’s no urgent need to buy the shares at their current price. Therefore, I invite you to consider scaling back on your position in NVDA stock if you have one. However, Nvidia will have a tough time living up to the market’s future growth expectations for the company.Īt least two analysts/strategists seem to agree with me on that point. His friend had been killed in the early hours of Tuesday morning, brutally attacked while on his way to work. It’s fine to believe in the future of AI and Nvidia. There’s nothing wrong with taking profits after a stock has more than doubled in less than six months. Sekera’s point, and my point as well, is simply that “the valuation has just gotten ahead of itself at this point in time.” This Is a Time for Caution With NVDA Stockįor overeager Nvidia bulls, now is a great time to put things into perspective. Sekera doesn’t believe that Nvidia is a bad company, and neither do I. Market Strategist David Sekera characterized NVDA stock as “ overvalued.” Sekera cited that fact that the stock was “currently at about a 30% premium above our $300 fair value estimate.”ĭon’t get the wrong idea here. In a similar vein, Morningstar Chief U.S. To sustain that high valuation, Gilbert continued, “we’d have to see some catalyst for a huge surge in sales or some efficiencies in profit margins.”Īgain, the theme here is that Nvidia will have to live up to investors’ sky-high assumptions and expectations. For instance, WealthWise Financial CEO Loreen Gilbert warned, “if you look at the forward PE of Nvidia right now trading at over 200 times, that seems like an unreasonable valuation.” This guy stole the rest of his life, Mr Dutton, 33, who has known Mr Coates. I’m grateful, however, that there are at least a couple of contrarian voices on Wall Street. His friend had been killed in the early hours of Tuesday morning, brutally attacked while on his way to work. ![]() Two Analysts Warn About Nvidia’s Valuation ![]()
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