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Is This High-Flying Chipmaker Worth Buying in 2023?
@jayc：
Shares of NVIDIA Corporation have gained 6.6% over the past month and 83.3% over the past six months to close at $240.63 on the last trading day. Optimism about NVDA's performance in high-growth markets, including data centers, automotive and artificial intelligence, is driving investor sentiment. The stock is currently trading above its 50-day and 200-day moving averages of $202.65 and $167.35, respectively. However, given NVDA's poor financial performance in the fourth quarter and fiscal 2023, its overvaluation and recent macroeconomic headwinds, I think it may be wise to wait for a better entry point for the stock. $NVIDIA Corp(NVDA)$ $Semiconductor Bull 3X Shares(SOXL)$ $Philadelphia Semiconductor Index(SOX)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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