To The Moon

Justin Sullivan/Getty Images News Elevator Pitch My Buy investment rating for Nvidia Corporation shares stays intact. In my prior update for NVDA, written on April 6, 2023, I noted my expectations of "Nvidia's shares rising above $300" taking into account the fact that it "is well-positioned to leverage on generative AI growth opportunities." Nvidia Corporation's stock price has since risen by +46% to close at $394.82 as of June 12, 2023. I determine that there is a very good chance of NVDA's shares going up further to $500 with the current article, which supports my Buy rating for the stock. Nvidia Corporation has yet to fully exploit AI-related growth opportunities, and the implied price/earnings to growth or PEG multiple for NVDA at the $500 price level is still pretty reasonable. Is Nvidia Stock Expected To Go Up Further?

Nvidia's stock has become quite expensive.

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