Nvidia is a Monopoly! Is it a $3000 Stock now?
Chipmaker Nvidia has set the stock market ablaze. But will it go to $3000 right now as some youtubers already predict? Nvidia, already the world's most valuable chipmaker, witnessed an astonishing 28% surge in its stock, reaching an all-time high of more than 391 dollars. This impressive leap added an astounding 200 billion dollar to their market value, making them the fifth most valuable company on Wall Street with a new PE ratio of around 60 something after they doubled their earnings expectations for the next quarter. Not to forget that the PE ratio until yesterday was around 175 which is crazy. So is it time to get in now and take part in the buying frenzy?
Chipmaker Nvidia has set the stock market ablaze. But will it go to $3000 right now as some youtubers already predict? Nvidia, already the world's most valuable chipmaker, witnessed an astonishing 28% surge in its stock, reaching an all-time high of more than 391 dollars. This impressive leap added an astounding 200 billion dollar to their market value, making them the fifth most valuable company on Wall Street with a new PE ratio of around 60 something after they doubled their earnings expectations for the next quarter. Not to forget that the PE ratio until yesterday was around 175 which is crazy. So is it time to get in now and take part in the buying frenzy?