Nvidia Stock Is Up Over 900% Since 2023. Here's Why It's Still a Screaming Buy.

Since the start of 2023, Nvidia's (NASDAQ: NVDA) stock has gained an astronomical 906% as of the time of writing. It's also right around its all-time high right now, but these two facts may scare some investors off. The common thought is, "Nvidia has risen so much already; how can it increase more?"This behavior is known as "price anchoring," and it occurs when investors "anchor" their thoughts to a previous price, and when the stock rises, they now deem it to be expensive. While this is common investor thinking, it's caused many (including myself) to miss a large chunk of Nvidia's rise. However, I'd argue Nvidia isn't all that expensive of a stock right now, especially when compared to its peers.Although you may have missed part of its rise, there is still plenty of room to run.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool