Reported 1 day ago
Nvidia's impressive performance in 2024, with a stock price increase of 171%, raises concerns over its expensive valuation indicated by a high price-to-sales ratio of 30. However, the ongoing investments by major tech companies in AI infrastructure signal strong growth potential in the generative AI market, which could justify Nvidia's elevated valuation. With innovative products on the horizon, Nvidia is expected to capitalize on these opportunities, making it a compelling consideration for investors despite its current price.
Source: YAHOO