July 30, 2024 How much lower can NVIDIA go? Well, like any other stock, the most NVIDIA "can" go down is 100%. That is possible, yet highly unlikely. We think that this summer NVIDIA will go down to $100 per share for a market capitalization of about $2.2T. In about a year, NVIDIA should be trading anywhere from $50 to $75 a share. How much higher can NVIDIA stock go? Well, theoretically, there is no limit to appreciation. At its peak in June 2024, NVIDIA had return almost 300,000% from its initial public offering in 1999. Of course, most of that was led by the AI boom / bubble. In theory, NVIDIA could continue rising forever. That is possible, yet extremely unlikely. So what is the sweet spot for NVIDIA between a possibility of evaporating to 0% of its current value to appreciating to infinity. What is the true value of NVIDIA? No one knows. Economic value is an opinion. Market value is the opinion formed between buyers and sellers. Money itself is a derivative ...
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