From Seekingalpha · Financial Serenity · · 50s
Nvidia Stock Hits All-Time High
Nvidia's stock breaks all-time highs while its multiples shrink, signaling potential upside for leveraged ETFs.
In brief
Nvidia's stock breaks all-time highs while its multiples shrink, signaling potential upside for leveraged ETFs. Nvidia's stock reached a new all-time high but its valuation multiples are shrinking, suggesting a 34% upside target for the 2x leveraged ETF. Originally reported by Seekingalpha.
Nvidia Stock Hits All-Time High
Nvidia's stock has just set a new all-time high.
Valuation Multiples Shrink
Forward valuations remain compressed, supporting a bullish outlook for the stock.
T-REX ETF Offers Technical Momentum
The T-REX 2X Long Nvidia Daily Target ETF provides strong technical momentum but is strictly an intraday trading tool due to volatility drag.
Consensus Earnings Growth
Consensus earnings growth and $1.3T in data center CapEx by 2027 underpin a 34% upside target for NVDA.
Risks to Leveraged Returns
Downward EPS revisions or elevated volatility could erode leveraged returns beyond the intraday horizon.
The headline
Nvidia's stock reached a new all-time high but its valuation multiples are shrinking, suggesting a 34% upside target for the 2x leveraged ETF.
