$NVDA Jensen Huang is the new Jerome Powell - trying to keep expectations in check so people don’t think Nvidia will jump from $130 to $1,300 overnight.
Nvidia just blew earnings out of the water: revenue is up 150%, profits up 160%. They deserve a gold medal for that performance. But it left some noobs confused - no volume in after-hours trading.
Yesterday after hours, it was down 8%, today pre-market down 1%, but Goldman Sachs and Bank of America are still bullish, and I wouldn’t be surprised to see many banks raise their price target after these incredible results.
It’s only a matter of days before institutions step in and push this stock above $150. Fair valuation considers history, trends, and future potential. After gold, here comes blockchain—Nvidia is either a 2x or a 10x play and is seriously undervalued.
Blackwell is here, and it is about to get overbought.
Follow @AnessHusseinAli for more content.
#stocks #nvda #nvidia #jensenhuang #jeromepowell #stockmarket