Will Nvidia stocks go back up tomorrow?
3/27/2024 06:24am
Nvidia's stock performance tomorrow is influenced by a confluence of technical and fundamental factors:1. Technical Analysis: Nvidia's recent closing price of $925.95 and a 20.53% increase in the past month suggest a strong upward momentum. However, this needs to be balanced against potential short-term overvaluation cautioned by Travis Hoium in a recent video, indicating a possible pause in the stock's upward trajectory.2. Fundamental Analysis: The company's EPS growth, with values ranging from $0.65 to $6.14, reflects a strong underlying financial health. The revenue growth rate, however, shows a concerning decline of -20.83% year-on-year, which might impact investor confidence.In conclusion, while Nvidia's strong EPS growth and recent stock performance point to a positive outlook, caution is advised due to potential overvaluation and revenue growth challenges.${富文本块}