Nvidia made chart history that could mark the stock’s top, says BTIG

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Nvidia made chart history that could mark the stock’s top, says BTIG

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in market cap in March of 2000, according to Krinsky. Nvidia did the same thing last week. Shares of Nvidia are now up more than 150% year to date, and its market cap is still over $3 trillion despite a Friday slump. Nvidia bulls point to the company’s rapid revenue growth and healthy cash flow and profits as a justification for its rally, though the size of the company and the speed of the move has made many Wall Street ***** nervous. “While we fully recognize the fundamentals are much different this time around, in the last five years, NVDA is +4,280% compared to CSCO’s +4,460% gain in the five years leading up to its peak,” the BTIG note said. — CNBC’s Michael Bloom contributed reporting.

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Investment strategy,Markets,NVIDIA Corp,Cisco Systems Inc,

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Corp,******* States,business news
#Nvidia #chart #history #mark #stocks #top #BTIG

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