To The Moon

Some other Semiconductors are hiting 52 weeks high: $Advanced Micro Devices(AMD)$ $Taiwan Semiconductor Manufacturing(TSM)$ $NVIDIA Corp(NVDA)$ $Marvell Technology(MRVL)$ .

Investing.com

Technically, investing.com still gives strong buys forecasts.

Investing.com

Is this chipmaker $NVIDIA Corp(NVDA)$ still worth buying at its current price?

We're just two weeks into the new year, and $NVIDIA Corp(NVDA)$ stock is already up 15.32%.

Demand for Nvidia will surge in 2023, and there are no signs of relaxing yet. Nvidia expects total fourth-quarter revenue of about $20 billion, more than triple the $6 billion it reported last year.

Potential Headwinds

It’s not all blue skies for Nvidia. The competition is heating up and could steal some of the chip maker’s market. Both $Intel(INTC)$ and $Advanced Micro Devices(AMD)$ have developed their own AI chips. They will reportedly price them at significant discounts to NVDA chips. That could have potential cost-conscious customers changing their purchase plans.

Nvidia Insider Trading Alert

Mark Stevens, the 2nd largest $NVIDIA Corp(NVDA)$ shareholder and board member since 2008, just sold 36,000 $NVIDIA Corp(NVDA)$ shares worth approximately $19.7 million. He's now sold just under $50 million worth of shares this week.

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