Nvidia Stock Gets a Rare Wall Street Downgrade

By Parkev Tatevosian, CFA – Jul 9, 2024 at 4:15AM

NASDAQ: NVDA

Nvidia

Market Cap

$2,901B

Today's Change

(4.53%) $5.34

Current Price

$123.27

Price as of July 22, 2024, 2:43 p.m. ET

Nvidia stock is on a tear in 2024, which has this Wall Street analyst concerned about valuation.

Fool.com contributor Parkev Tatevosian discusses his thoughts on the opinion that Nvidia (NVDA 4.53%) stock is overvalued.

*Stock prices used were the afternoon prices of July 5, 2024. The video was published on July 7, 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.