5/30/2023 0 Comments Nvda stock forecast 2022![]() Since NVDA stock hit its all-time high of $346.47 on Nov. However, he also pointed out that many of these largest tech stocks are still near all-time highs. MacDonald suggested rising interest rates have investors shuffling their portfolios, worried that higher rates will translate into slower economic growth, which hits tech stocks squarely in the face as money moves to safer havens. ![]() InvestorPlace’s Chris MacDonald recently discussed the beatdown major tech stocks received. In other words, they have a long way to fall before the alarm bells go off. If shares were trading at $150, that would be a different story. So it hasn’t been all that long since it last traded at current levels. The last time it was below it was in late October. NVDA stock is approaching the $230 level. And the Invesco QQQ Trust (NASDAQ: QQQ), which is a decent proxy for tech stocks, is 11.6% in the hole. The VanEck Vectors Semiconductor ETF (NASDAQ: SMH) - of which Nvidia is the second-largest position with a 9.5% weighting - is down 12% year to date.
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