Here's Why Buying NVDA Could Be A Mistake
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NVIDIA (NVDA) is now America's top-performing stock – more than doubling in 2023 alone. But if you're holding NVIDIA… Or thinking of buying it to get a stake in the $7 trillion A.I. market. You're going to want to review Marc Chaikin's latest warning before you do so.
Did you catch Nvidia's (NVDA) stock shooting up by 4.11% on Thursday, April 11, 2024? Here's the scoop:
Raymond James analysts went all-in by bumping NVDA's price target to a hefty $1,100, signaling a potential 26.4% upside. They're loving the demand for Nvidia's AI chips and GPUs, which are flying off the shelves faster than lightning.
Not stopping there, Raymond James doubled down on their “Strong Buy” rating for NVDA, hinting at whispers from Asia favoring Nvidia's GB200 NVL systems. Looks like they're gearing up for a data center spending spree.
Analysts are bullish on Nvidia's future, especially with the AI craze in full swing. They're eyeing the H200 GPU as a game-changer in the short term, with the B100/B200 ramps ready to rev up in the latter half of 2024.
Nvidia's reigning supreme with an 80%+ market share in GPUs, making it the go-to for AI and machine learning aficionados. No wonder their GPUs are selling like hotcakes!
With analysts rallying behind a “Strong Buy” chorus and a consensus price target of $989, suggesting a promising 13.5% upside, it's no surprise NVDA's shares took off on April 11th. The buzz is real, the targets are soaring, and optimism is sky-high as Nvidia gears up to conquer the AI world.
But I’m not stopping there…
Just a couple of weeks ago, I set my price target for the year at $1,200, which represents a strong upside from where we sit today.
Before you buy NVDA consider this…
Miss AI 2.0 and you'll regret it for the rest of your life
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Now James obviously can't guarantee you will be one of them, but he has shared his blueprint for taking advantage of this opportunity. It's all in this free video. Everything you need to know about this once in a lifetime “wealth window”.
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