Published on 28 Aug 2023 on Insider Monkey via Yahoo Finance
12 Best High Risk Penny Stocks to Buy Now
In this article, we will take a look at the 12 best high risk penny stocks to buy now. To see more such companies, go directly to 5 Best High Risk Penny Stocks to Buy Now.
Investors are jubilant over Nvidia crushing analyst estimates in its latest quarterly report. Analysts are increasing their price targets and expectations for Nvidia and overall the markets seem quite euphoric. While some circles have warned that tech valuations have shot up to dangerous levels and a correction might be in order, the market seems to not care in the short term. Angelo Zino, an equity analyst at CFRA, recently said while talking to Yahoo Finance that Nvidia will be the "most important company to civilization" over the next decade because every company will be relying on Nvidia directly or indirectly. Dan Ives from Wedbush Securities also said in a tweet that tech companies are set to see “unprecedented spending wave not seen since 1995.” He added that Nvidia is on the “front lines” of all of this.
“This is NOT hype, it's jaw dropping spending happening NOW,” Ives added.