Aug. 25 at 3:37 PM
We all know earnings growth at
$NVDA can’t keep up the way it has in the past with 100% increases. It’s just the law of large numbers. Earnings in the future will compound more in the area of 50%. So if you just put a conservative multiple like 25 on those earnings, you quickly come up with a price target of
$300. With tomorrow’s earnings announcement you’ll get a glimpse into that future. I won’t be surprised if it’s another blowout earnings announcement followed by upbeat guidance. That doesn’t mean, however, that sone lunatic analyst won’t be disappointed, but it does mean that the stock is headed higher. And that just doubles up for the 2X ETFs. I’m adding a couple of hundred shares of
$NVDX to the position I’m already holding. We’ll find out tomorrow if that was a good idea.
