Nvidia stock has surged, experts concerned about high P/E ratio, but dominance in AI market.

From Nasdaq: 2024-07-13 04:35:00

Nvidia’s stock has surged by an impressive 799% in 2023 thanks to strong revenue growth from AI chips. Analysts are concerned about the high P/E ratio of 77, leading to downgrades. However, Nvidia’s dominant position in the AI chip market and revenue growth potential suggest further gains. The company’s forward P/E of 48 is reasonable given its rapid earnings growth. “Double Down” stock alert for Nvidia may offer a potential lucrative opportunity for investors.



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