Reported 2 months ago
Despite a recent market dip, Nvidia's stock has surged over 600% in 2023, raising debates about its valuation. Currently, Nvidia trades at a P/E ratio of around 58, significantly higher than the Nasdaq-100’s 30.7. However, projections for fiscal 2026 suggest a future EPS of $3.74, indicating potential undervaluation. The company's pivotal role in AI and a 427% increase in data center revenue pose a strong case for long-term investors, despite some analysts suggesting it may be overvalued in the short term.
Source: YAHOO