Nvidia stock fell by 50% in 2022 but now is the best performing stock in the SP 500 in 2023. What happened and what can we learn from this?

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Today we're talking about Nvidia stock. NVDA stock was one of the worst stocks in 2022 as many of the other microchip stocks were. Microchips were impossible to get and now companies like Nvidia stock were sitting on high inventories that they couldn't sell. But they pivoted to AI. AI is the word of 2023 and Nvidia stock has been taking notice. They've been talking about their AI sales since Feb 2023 but the market finally started to notice. As the stock price rose from the earnings, it became the 4th most shorted stock in the stock market last week. And now NVIDIA Stock is nearing becoming the 6th company to reach a market cap of $1 trillion. It's now worth more than companies like Tesla stock and it's a wild journey. What do you think of Nvidia Stock (NVDA Stock) and do you think it can stay this high for long. Thanks for watching!

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