Nvidia stock down 1% this year, but still considered a great buy with potential growth.
From Nasdaq: 2025-02-15 04:05:00
Nvidia (NASDAQ: NVDA) stock is down nearly 1% this year after a stellar 2024, but still has a market cap of $3.3 trillion. Despite a high valuation, Nvidia may be a great buy, with a price/earnings-to-growth ratio of less than 1, suggesting potential for growth based on analyst expectations for the next five years.
Investors are questioning if Nvidia’s stock will rally, given its low PEG ratio. Concerns over tech spending arise with the emergence of the cost-effective DeepSeek AI model, potentially impacting Nvidia’s chip demand for AI development. Earnings report later this month will provide insight into Nvidia’s performance and future prospects.
Nvidia’s financial strength, with over $63 billion profit on $113 billion sales in the past year, makes it a solid long-term investment. Despite potential tech spending slowdowns, the company can adapt to changing market conditions. While short-term volatility may occur, Nvidia remains a top tech stock to consider investing in.
“Double Down” stock recommendations are issued for companies with growth potential. Historical returns include $350,809 from a $1,000 investment in Nvidia in 2009. With alerts for three companies, including Nvidia, now may be the best time to invest before potential future growth opportunities.
Read more at Nasdaq: 1 Metric That Still Suggests Nvidia Is a Steal of a Deal