What's Going On With Nvidia Stock On Monday?

Quick Summary:

Ken Mahoney, president and CEO of Mahoney Asset Management, told Bloomberg that Nvidia’s valuation has dropped to around 30 times forward earnings after the recent selloff, which could make the stock more appealing to long-term investors.

Nvidia Corp (NASDAQ:NVDA) stock is trading higher on Monday.

The analyst touted that key artificial intelligence beneficiary stock has been up 152% in the last 12 months despite losing ~15% in the previous 30 days.Nvidia’s ...

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: NVDA AI Generated Briefs Media Stock Battle SCHG US8085243009 Why it's moving Stories That Matter US67066G1040 Tech BZ Data Project US8166362033 News SMH Benzinga

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 16:43:51 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22038258

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