Yes. Here are the reasons why:
Recent Stock Split
It's important to consider the recent 10-for-1 stock split. The $120 price point reflects the post-split price. Pre-split, the price would have been much higher. This lower price can make it more attractive to a wider range of investors.
Strong Company Performance
Nvidia is a leader in the GPU market and has a strong track record of innovation. They are a major player in artificial intelligence and data centers, which are growing markets.
Long-Term Growth Potential
The demand for GPUs is expected to continue to grow in the coming years, which could benefit Nvidia's stock price.
Overall, buying NVDA at $120 could be a good investment for long-term investors who believe in the company's future.
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