3 Reasons NVIDIA Corporation Stock Could Fall

Nvidia (NASDAQ: NVDA) has made plenty of smart moves over the past year. The chipmaker struck back hard at AMD (NASDAQ: AMD) in the low-end GPU market with its new Pascal-based cards, forged new data center partnerships with IBM, and unveiled its next-gen autonomous driving supercomputer, Drive PX 2. Image source: Nvidia. The company has posted double digit year-over-year sales growth for three consecutive quarters, and is expected to post 22% sales growth for the full year. That growth caused Nvidia to rally nearly 200% over the past 12 months, but the stock remains fairly valued with a 5-year price/earning-growth (PEG) ratio of 1.4. While the bullish reasons for owning Nvidia are now well-known, investors should also keep an eye out for three potential pitfalls which might cause the stock…

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