Trade Call: Nvidia

3 months ago

Parkev Tatevosian, CFA

"Nvidia, the next of the stocks I rated as one of the best stocks to buy. I bought Nvidia stock for my portfolio at around $93 per share. Its current market price is $28 per share. Now the intrinsic value per share I calculated for Nvidia is $191. So I apply a margin of safety and this is well within the margin of safety where I can call Nvidia stock fairly valued. But furthermore, I've been increasing my estimates for Nvidia stock all year long. Seemingly every 3 months when Nvidia reports quarterly results, I revise my targets higher because Nvidia reports better than expected results, locking in orders, increasing capacity, and expanding the services it's offering to its enterprise customers."

Trade call for Nvidia based on a strong margin of safety, rising intrinsic valuation, and consistent upward revisions tied to strong quarterly performance.

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