As many believe that we may be on the precipice of a new age of computing, money is rushing into Nvidia stock to ensure that it doesn't get left behind. The ValuationThis speculation is still ongoing, and nowhere is that clearer than in Nvidia's stock. Between the price action and the valuation, Nvidia's stock is very, very stretched. Things are developing in a way that makes us think the peak is near, in the short / medium term, for Nvidia stock. However, the company's valuation is ridiculous, the stock is massively overbought, and the macro picture is worsening for the stock.

Source: CNN June 20, 2023 14:12 UTC