Is It Finally Time to Take Profits and Sell Nvidia Stock?

By Parkev Tatevosian, CFA – May 24, 2024 at 5:00AM

NASDAQ: NVDA

Nvidia

Market Cap

$3,244B

Today's Change

(1.75%) $2.27

Current Price

$131.88

Price as of June 14, 2024, 4:00 p.m. ET

Nvidia's stock price has soared on the back of explosive increases in revenue and profits.

Fool.com contributor Parkev Tatevosian reviews Nvidia's (NVDA 1.75%) latest quarterly earnings results and answers if investors should sell and take profits from their investments in Nvidia stock.

*Stock prices used were the afternoon prices of May 21, 2024. The video was published on May 23, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.