Nvidia Is “Most Valuable Stock”

Daily Profit Investing Research
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Nvidia (NASDAQ: NVDA) just became the #1 most valuable stock in the world.

The $3.34 trillion market cap puts it ahead of Microsoft ($3.33 trillion) and Apple ($3.28 trillion).

$NVDA bears will say that this stock is in a bubble.

Yet I’ll remind you that skeptics have been saying the same thing EVERY DAY for the last 18-months.

Here’s what’s happened…

Shares are up +800% since January 2023.

There’s an incredible amount of momentum behind Nvidia stock.

One Wall Street firm just increased its $NVDA price target to $200 per share.

Rosenblatt analysts say the stock is worth 40-times 2026 earnings. That suggests 48% upside for the stock.

Here’s my take on Nvidia at all-time highs…

  1. This is the #1 pure play AI stock. It gives investors direct exposure to the biggest tech trend since the Internet.
  2. The pace of growth is absolutely incredible. This year sales will be up 97% and earnings will grow 109%.
  3. Investors have been calling this a “bubble” for the last year. Yet the financial results prove that this isn’t just hype. Nvidia is trading based upon fundamentals.

I’m “long” NVDA and will continue to ride this stock higher.

Even if shares drop 50% – the stock would still be up 30% YTD. That’s double the return of the S&P 500.

I’m bullish on Nvidia.

Yet I’m also realistic. It’s unlikely that this stock will jump another 800% from here.

Ian

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