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This AI Stock Has Been Called Overvalued for 3 Years. The Bears Keep Losing.
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Nvidia (NASDAQ: NVDA) has been one of the best-performing stocks ever, thanks to the growth of artificial intelligence, but for much of its run, people have called it overvalued. Cathie Wood wrote that it was "priced ahead of the curve" in May 2023. In early 2024, Morningstar analysts called it overvalued.This is Exhibit A for why investors shouldn't see "overvalued" as a bad word. Over the last three years, Nvidia has been up 600%. The S&P 500 has increased 78% over the same period. The bears have been wrong so far, and based on Nvidia's financial performance, I think that trend will continue.Image source: Nvidia.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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