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InvestingPro's AI-driven ProPicks strategy offers insight on Nvidia's future

Published 21/06/2024, 10:20 am
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Investing.com - Nvidia has surpassed Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) this week to become the world's most valuable company in terms of market capitalization.

This development has sparked a question among investors: Can the stocks climb higher, or is it time to sell and look for opportunities elsewhere?

InvestingPro's ProPicks strategies, driven by Artificial Intelligence, offer a reliable guide on what to do with these stocks. ProPicks identifies stocks with the highest potential to outperform market benchmark indices and updates investors monthly on which stocks to buy or sell.

InvestingPro subscribers have been aware of Nvidia's potential since November when ProPicks included it in its "Beat the S&P 500" strategy, comprising the 20 most profitable stocks. Since then, Nvidia has risen by more than 233%.

The question now is whether Nvidia is a good hold for July. InvestingPro subscribers will be timely informed about the results of ProPicks' strategies rebalancing for July, allowing them to maximize portfolio gains and mitigate potential losses.

Since the launch of ProPicks last October, this strategy has yielded a return of 28.21%, outperforming the S&P 500's 14.86% in the same period.

Subscribing to InvestingPro now allows you to access these strategies and more at a discounted rate. By using the coupon code INVPRODEAL, you can get an additional 10% off on 1 and 2-year plans.

Subscribers also have access to ProTips for Nvidia, offering clear perspectives on the company's prospects based on a wealth of financial data, market value metrics, analyst price targets, company valuations, and hundreds of other metrics for their analysis.

Even as Nvidia becomes the world's most valuable company, with a market capitalization of $3.33 trillion, outpacing Microsoft's $3.31 trillion and Apple's $3.28 trillion, the question remains whether Nvidia's shares will continue to deliver impressive returns. InvestingPro's tools and exclusive data can help investors make informed decisions about when to buy or sell no matter the market conditions

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