S&P Global Ratings upgraded Nvidia's $NVDA rating to 'A+' from 'A' with the expectation that the chipmaker will be able to generate stronger growth over the next few years.
Nvidia is considered a "major beneficiary of rapid investment in generative artificial intelligence (AI) from cloud service providers and enterprises."
' The new rating reflects a complete solution from silicon to systems to software, which we believe represents a major competitive advantage in the medium term."
What do you, and Nvidia, hold steady?
He may very well keep going, but jumping in at the moment doesn't seem sensible to me anymore.
The valuation is completely meaningless according to the numbers. This is probably going to make a few investors unhappy.
I don't own shares of $NVDA, so I just follow the stock.
The trend may continue, as may the rise in Nvda's share price thanks to AI. But I don't want to be there when it pops, so I'm not holding.