Posted 2/17/2024, 8:26:42 PM
NVDA Earnings: Growth Stock at Risk of Pullback Despite Strong Demand
- NVDA stock has run up hugely on tech mania and FOMO, coming into a big earnings report
- It could pop after hours but likely sells off the following day like last earnings
- While great long-term, in the near term it seems overextended and risky to chase
- Its massive growth reminds me of Cisco and JDS Uniphase before the dot-com crash
- Demand keeps increasing so guidance could be strong, but eventually growth will slow