From Nasdaq:

In 2023, the hype surrounding artificial intelligence (AI) caused the tech-heavy Nasdaq to skyrocket upwards of 40%, with prominent AI stocks, such as Nvidia, achieving market cap success. Nvidia also leads in AI development. Its record-breaking revenue of $18.1 billion in fiscal 2024 put it in prime position to demonstrate future success. As of today, the stock displays better forward P/E multiples and strong evidence to suggest that it is growing into its valuation, making it a cheap investment.



Read more: Wall Street Says This Company Is the “Godfather of AI.” Here’s Why I Think the Stock Looks Undervalued.