From Nasdaq: 2024-06-25 09:15:00

Nvidia (NASDAQ: NVDA) stock experienced a 6.7% pullback on Monday, closing at $118.11 after a total decline of 12.9% in three trading days. Despite this, the stock is still up 139% year-to-date, 180% in the last year, and 519% in the last three years.

As Nvidia stock sees a minor pullback, comparisons to Cisco Systems stock before the dot-com bubble burst arise. Unlike Cisco, Nvidia has seen expanding margins and a low price-to-earnings growth (PEG) ratio under 1.0, indicating undervaluation and strong earnings growth potential.

The current pullback in Nvidia stock is not driven by fundamentals. The company’s long-term growth prospects and position in AI remain unchanged. Investors should consider the stock’s historical performance and potential for future growth before making investment decisions.



Read more at Nasdaq: Why Nvidia Stock Is Not Like Cisco Before the Dot-Com Bubble Burst