I am neutral on NVIDIA Corporation (NVDA) as it trades well above its historical valuation multiples and its growth is likely to slow in 2022, though its price target implies significant upside, and Wall Street analysts are overwhelmingly bullish on it. NVIDIA Corporation, also known as NVIDIA, is an American technology company specializing in manufacturing chipsets, computer graphics processors, and other software. NVIDIA was founded in January 1993 and is headquartered in Santa Clara, California. It’s primarily known for its semiconductors and is often called a chip giant. The technology giant became public in 1999.
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