The Number Changing My View on Nvidia Stock
I recently reviewed Nvidia‘s (NASDAQ: NVDA) latest quarterly SEC filing, and what I read persuaded me to change my call on the stock. In the recent past, I called Nvidia a buy amid its rapid revenue growth and comparatively low valuation.
Today, as I look more closely at the numbers, I worry more about its near-term future. Amid that concern, I am now switching my call on Nvidia from buy to hold. Here’s why.
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