From Nasdaq:

Nvidia has seen significant growth as a tech stock due to the AI megatrend, with revenue jumping to $60.9 billion in 2024. Despite a 517% return since 2023, concerns about its valuation exist. Analysts forecast a 33.2% annual EPS increase for the next five years, supporting a $838.93 target price. (Source: Nasdaq)

Nvidia’s market-leading position has propelled it to the third-largest US company with a $2.1 trillion market cap. However, with a forward sales multiple of 20.7 and forward earnings multiple of 39, concerns about overvaluation persist. Analysts anticipate a 33.2% annual EPS growth, supporting bullish sentiments. (Source: Nasdaq)

Investing in Nvidia via ETFs like VanEck Semiconductor (SMH), Global X Robotics & AI (BOTZ), or iShares Robotics & AI (IRBO) can provide diversification. SMH, with $17 billion AUM, has returned over 1,000% in the last decade. Nvidia is a top holding in SMH, BOTZ, and IRBO, showcasing its importance in the sector. (Source: Nasdaq)



Read more at Nasdaq: 3 Best ETFs for Nvidia Stock Bulls