Is It Time to Sell Nvidia Stock? NVDA Stock Analysis and Earnings Preview

By Eric Cuka – May 22, 2023 at 5:46PM

NASDAQ: NVDA

Nvidia

Market Cap

$2,066B

Today's Change

(3.71%) $29.55

Current Price

$826.32

Price as of April 25, 2024, 4:00 p.m. ET

Nvidia stock has skyrocketed nearly 300% from its October lows. What should investors expect with earnings around the corner?

Nvidia (NVDA 3.71%) stock has been on an epic rally since the lows of $108 in October 2022. With the AI-fueled stock up over 117% year to date and nearly 300% in just over six months, is it time for a pullback? The video below provides Nvidia stock analysis, valuation metrics, technical analysis, an earnings preview, and my thoughts. I'll also share what I'm doing with NVDA stock in my million-dollar growth portfolio.

*Stock prices used were the morning prices of May 22, 2023. The video was published on May 22, 2023.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Eric Cuka has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy.

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