You’re right. It’s not a $1,000 stock….YET. Analyst predictions have it eclipsing $1,000. Have seen other analyst all the way to $1,500/share. There will be 1 to 3% moves back and forth until 5/22. Then, if NVDA was able to get inventory needed to fulfill current orders, it will certainly ascend.. if not, then it will descend a bit.
Either way we’re just out of the birth canal with AI investment. Capex spending is growing with the goal of so many companies to reap the benefits of Artificial Intelligence. Not only does NVDA own the picks and shovels for AI development, they own the claims to the mines.