From Yahoo Finance: 2024-04-28 10:00:38

NVIDIA Corporation’s shares have risen by 47% on NASDAQGS, showing potential for growth. However, the stock is currently trading at a high price-to-earnings ratio of 72.56x compared to the industry average of 28.15x, making it expensive. While future earnings are expected to double, investors should consider if the current price reflects the company’s growth potential.

Shareholders may be questioning whether to sell as the stock is trading above industry price multiples. Potential investors may want to hold off as the price has surpassed its peers. However, NVDA’s optimistic future outlook suggests potential for growth. Understanding the risks and evaluating fundamentals is key to making a well-informed investment decision.



Read more at Yahoo Finance: At US$877, Is NVIDIA Corporation (NASDAQ:NVDA) Worth Looking At Closely?