The speculative fervor around Nvidia (NASDAQ:NVDA) stock has something in common with a short squeeze. At some point, it ends in tears for someone.
There’s also no doubt that NVDA stock is a bubble stock. We’re talking about 118 times earnings and 25 times sales. This is happening just two years after the last tech bubble burst, built around cryptocurrency and the metaverse, with hardly anything left of value.
Yet still there are analysts recommending you buy NVDA stock now. Why?
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