NVDA stock - do you think it's overvalued? I think it is but wondering what others see it as. Since 2020 the stock has skyrocketed - I feel that level of growth is unsustainable/unjustified, and I'm struggling to find convincing reasons why this company would trade at these levels compared to its historical levels - I haven't read/heard any substantial changes to its business model to warrant such crazy growth in stock price. Thoughts?

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3 factors that I see causing a drop in its perceived value -
1) Lower p/e ratio adjustment across the board (lowest hanging fruit)
2) We are past the peak for graphics card upgrade cycles. A fact being corroborated by increased discounts offered by third party retailers on Nvidia cards since April. Also the company extracted most value by raising prices during the supply troubles.
3) Most importantly - changes to mining protocols are about to retire a large number of graphics cards currently used and flood them into used market further driving the price down. (Not including any drop in mining demand on account of the recent price changes).
Interested in hearing others thoughts.

💎 🙌

I am a buyer at $120 and then at $80

Most top stocks move with market. I don’t expect it to be 10 unless we are in depression

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