We saw remarkable appreciation from about $40 in 2019 to roughly $350 in 2021. Nvidia's stock got ahead of itself in recent years. Nvidia Stock - Often Gets Ahead Of Itself However, longer-term Nvidia has extraordinary growth and profitability potential, and its stock price will likely appreciate considerably as the company advances in future years. As the bear market persists, Nvidia's stock price could hit a new low. While the company is facing near and intermediate-term problems, there are several bright spots to consider, especially longer-term. Nevertheless, I have owned Nvidia, and the stock has brought remarkable gains over the years. Instead, I just want to be clear that Nvidia is an excellent company that often has an inflated stock price. Now, I also want to disclose that this was not my first top call on Nvidia, as I used Nvidia's incredibly overvalued stock as a prime example to point out the tech top last fall. Since Nvidia's high in mid-August, the stock dropped by about $60 or roughly 30%.
I posted a sell alert article on Nvidia ( NASDAQ: NASDAQ: NVDA) around the stock's recent highs.
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