Nvidia (NVDA) Rises As Market Takes a Dip: Key Facts
From Nasdaq:
Summary: Nvidia (NVDA) stock closed at $548.22, up +0.87% from the previous day, outperforming the S&P 500. The company is expected to report an EPS of $4.49 and revenue of $20.1 billion with a significant rise in estimates. Nvidia currently holds a Zacks Rank of #2 (Buy).
Investors should note that Nvidia is trading at a Forward P/E ratio of 44.17, significantly higher than the industry average. The company’s PEG ratio is 3.27, also showing a premium compared to the industry average. The Zacks Industry Rank for Semiconductor – General is 230, placing it in the bottom 9% of over 250 industries.
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