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Nvidia: Reversing Course on Expectations (Rating Upgrade) Nvidia: Reversing Course on Expectations (Rating Upgrade)

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Dear readers,

Iโ€™ve been rather bearish on Nvidia (NASDAQ:NVDA) ever since the stock hit $400 per share, following the extraordinary guidance provided by management in their Q1 2023 earnings call. My primary concerns were centered around valuation and some lingering doubt regarding the companyโ€™s ability to deliver on such aggressive guidance.

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