Stock Markets Today Live Updates: Nvidia is no Cisco, but it is getting expensive
In today’s stock market update, the focus is on Nvidia, the chip maker that has been making waves in the tech industry. While Nvidia’s valuation is not quite at the levels seen during the dot-com boom, recent gains have erased the stock’s discount relative to its projected earnings. This has led to some experts questioning whether Nvidia is becoming too expensive.
The recent volatility in Nvidia’s share price, with a 7% drop over the last two sessions, has caused the company to lose its position as the world’s most valuable. This has raised concerns among investors and analysts about the sustainability of Nvidia’s growth and whether it can maintain its current market position.
On the other hand, Kripashankar Maurya of Choice Broking has recommended four fundamental picks for the next 6 months, indicating a positive medium-term outlook for the market despite risks such as sticky inflation, elevated interest rates, and geopolitical developments.
Overall, the market’s medium-term texture is still positive, but experts caution that there may be further weakness from current levels. It’s important for investors to stay informed and keep track of market movements to make informed decisions.
For more real-time updates on the stock market and global markets, follow Mint’s market blog for the latest news and analysis. Stay tuned for more updates on your favorite companies and sectors as the market continues to evolve.
