Cramer just got owned here.
Jesus Christ NVDA is overvalued. The stock is up 50% over the past month. It is up 225% over the past year. God damn it, it’s up 1,269% over the past 5 years. Truth be told, the gains are well deserved. Look at the batshit earnings and revenue growth — nothing short of stellar.
With a PE in the ballpark of 50 and p/s of 9, this stock is fucking stupid. Professional bearshitter from Citron made the call today, strongly suggesting the stock was heading back to $130. Lucky for Left, the market decided to dump out today, making him an instant winner. Perhaps the Gods are on his side, or maybe he has complete control over the market — rendering free will to be idle nonsense. Either way, he got long term bull of NVDA, Jim Cramer, to agree with him that the stock was heading for a correction and could see $130 in short order.
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Unless someone is expecting the bottom to drop out on that company in short order, I’d say it may be more in the buy territory based on profits and rev.
Does appear overvalued according to Exodus but that simple fact does not tell the entire story many times. Maybe value is high because it deserves it?
Both are overvalued. Who cares what this guy or Cramer thinks.