Since the launch of ChatGPT, Nvidia shares have risen by a staggering 11,145%, with a 65.3% increase in earnings last quarter. Despite the significant growth, the stock may still be undervalued. Nvidia’s price-to-earnings ratio is now 34% lower than before ChatGPT’s release, making it potentially even more attractive for investors.

Nvidia’s net income has surged by 4,591% since ChatGPT’s debut, fueled in part by a $60 billion share buyback program. While the stock trades at a premium of 46 times earnings, its consistent earnings growth and surprises to analysts suggest further upside potential. Analysts believe Nvidia has more room to grow than Wall Street expects.

Before investing in Nvidia, consider the advice of The Motley Fool Stock Advisor team. While Nvidia is not among their top 10 stock picks, historical recommendations have generated significant returns. With an average return of 913%, Stock Advisor’s picks have outperformed the S&P 500 by a wide margin. Stay informed and make strategic investment decisions based on expert advice.

Read more at Nasdaq: Nvidia Shares Are Actually Cheaper Than They Were Before ChatGPT. Here’s Why.