Nvidia’s staggering gains leave investors wondering whether to cash in or buy more

NEW YORK, June 21 (Reuters) – The huge rally in Nvidia Corp’s (NVDA.O), opens new tab shares has investors weighing whether to cash in, hold on for more gains or chase a stock that has tripled during the past year.

Nvidia this week briefly became the largest U.S. company by market value on the back of a more than 1,000% surge in share price since October 2022. It is up 206% in the last 12 months.

Nvidia bulls say more gains are coming. The Santa Clara, California company stands at the forefront of a massive technological shift as the dominant provider of chips to support artificial intelligence applications. Revenues are expected to double this fiscal year to $120 billion and rise to $160 billion in the following year. Microsoft (MSFT.O), opens new tab, by comparison, is expected to grow revenues by about 16% for its fiscal year.