🎁What the Tigers Say | $NVDA: To the moon, or like $TSLA two years ago?
NVIDIA's stock surged by 20% over the last three trading days due to several key factors. Firstly, the company reported robust quarterly earnings, surpassing Wall Street expectations driven by strong demand for its AI and data center products. Additionally, the company's recent stock split announcement attracted more investors, increasing liquidity and enhancing overall market optimism.
How long will NVDA's surge last? What's your target price for NVDA? Will NVDA hit 1200 this time?
Below are some insights from Tigers @hhjsyndrome,@Jo Ker ,@Jessemyne and @Samlunch Which opinions do you agree with？
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1. @hhjsyndrome : We might see Nvidia breaking through the $1100 mark and start dancing around $1100 and $1200. But if the stock price tumbles, we’ve got some support at $1000 and $950.
Key Points:
Next up, let’s kaypoh the options market. We’ve got a 0.75 Put:Call ratio, which is also slightly bullish—like when the durian seller says, “Got guarantee!” And guess what? People are betting big-time on Nvidia at the $1100 and $1200 levels. So, if Nvidia reaches there, sure got people cashing out, which will put a lid on our party.
So, what’s the price target before the split? Confirm got people thinking that with the stock price being cheaper, more people will buy, pushing Nvidia's price up. Another positive sign for Nvidia is that the industry might go through a hardware upgrade soon because everyone is moving towards the AI PC—sounds chim, but it means more sales for Nvidia lah. But will it be enough to break through the $1100 and $1200 ceiling?
My personal hunch? We might see Nvidia breaking through the $1100 mark and start dancing around $1100 and $1200. But if the stock price tumbles, we’ve got some support at $1000 and $950—like having your kopi-o at a trusty kopitiam. What do you guys think? Share, like, and comment lah!
2. @Jo Ker : I don't want to spoil the party but l think $1200 is already about there and it really reminds me of Tesla 3 for one stock split two years ago where $1200 is about the best price you get.
Key Points:
I don't want to spoil the party but l think $1200 is already about there and it really reminds me of Tesla 3 for one stock split two years ago where $1200 is about the best price you get. Granted Nvidia'S exponential growth justifies the price increase unlike some overvalued chip stocks like ARM.
However, there is some concerns if this growth can continue at current rate for the near future. There is this nagging déjà vu feeling as well from Tesla experience two years ago so l say this is a good opportunity to cash out at least for now.
3. @Jessemyne : I think it could go up to 1350.
4. @Samlunch : NVDA is CHEAPER today than it was a year ago. Investors who say that NVDA is a bubble have no idea what they are talking about.
Key Points:
The higher a stock's price goes, the more expensive it gets. Right? Well, not always.
A year ago, when NVDA was selling at $277, its earnings per share was $0.82 and its P/E ratio was 147x
Today, NVDA's share price is up +284% to $1,064.... BUT... Its earnings per share is up +629% to $5.98. Its P/E has fallen to 62x... forward P/E is now at 30x
Questions for you:
How long will NVDA's surge last?
What's your target price for NVDA? Will NVDA hit 1200 this time?
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⏰Duration
5 Jun (24pm EDT)
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however, $NVIDIA Corp(NVDA)$ has a CEO that's unlike the charismatic one, therefore, it may not have the "fate" of Tesla.
$NVIDIA Corp(NVDA)$ is trending up these days and please do trade carefully as it's always good to be safe.
@rL @GoodLife99 @Shyon @Aqa @HelenJanet @Universe宇宙 @GoodLife99 @LMSunshine @koolgal @TigerGPT
How long will NVDA's surge last?
What's your target price for NVDA? Will NVDA hit 1200 this time?
🎁Prizes
🐯 All valid comments on the following post will receive 5 Tiger Coins.
while most indexes are up, most stocks are bloodied.
also it's overpriced now.