The analyst views Nvidia as a buying opportunity due to its current cheap valuation.
Nvidia is trading at its cheapest valuation in over 7 years, suggesting potential for price appreciation.
$NVDA buying opportunity IMO
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +4.0% | +3.6% |
| 1 week | +2.3% | +2.4% |
| 1 month | — | — |
| 3 months | — | — |
| 6 months | — | — |