With NVDA closing just below our target price of $276, we have ended our NVIDIA stock trade.
Impressive 1080p footage of Battlefield V raytracing using NVIDIA’s soon to be released GeForce RTX GPU we believe has pushed the stock higher. With the higher stock price and no change in our financial forecast or target multiples, we believe the stock has reached a level in which it should no longer be purchased.
This stock trade would have provided investors with an annualized return of 142% if executed at the time of our publication. Attached is our updated stock pitch on NVDA.
