Reported 24 days ago
Nvidia's stock has surged approximately 180% in 2024, accumulating an astonishing 860% increase since early 2023 and over 2,650% over the past five years. This sharp rise has resulted in a high price-to-earnings ratio of 66, leading to concerns about a potential overvaluation. However, a lower forward price/earnings-to-growth (PEG) ratio of about 0.36 indicates that the stock may still be undervalued given its robust growth and upcoming product launches, suggesting that Nvidia has further upside potential despite the rapid price increases.
Source: YAHOO