How long can Nvidia’s growth support is high stock price?
Nvidia Corp. NVDA has been the best-performing stock of 2023, rising 179% through June 29. This performance has been based on investors’ expectation that the company can continue growing rapidly as data-center operators purchase its graphics processors to support their corporate clients’ rollout of artificial intelligence technology. Nvidia said it expects its sales for the current fiscal quarter to rise 50% from last quarter.
Mark Hulbert looks at two studies of stock-market patterns, including a recent one, to estimate how long Nvidia will have to maintain a rapid growth pace to support its high stock valuation. And in case you are worried: BlackRock launches its first ‘buffer’ ETFs for stock-market investors worried about a potential fall.
Company news Lordstown Motors Corp. RIDE filed for bankruptcy this week, signaling a shakeout for electric vehicle manufacturers, James Rogers reports. Wallace Witkowski has more coverage: Micron recovery debated by analysts as bottom is called in memory-chip marketHow hot is the IPO market? The big decline for stocks in 2022 as interest rates rose had a predictable effect, stifling the flow of initial public offerings by companies looking to raise money. But shares of CAVA Group Inc. CAVA more than doubled after the money-losing restaurant operator went public on June 15.
Retirement planning Alessandra Malito writes the Help Me Retire column. This week she helps a couple that faces a decision of whether or not to buy long-term-care insurance. This is a topic you should read about, regardless of your age.
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