NVIDIA Can Sell AI Chip to China Again
Digest more
Nvidia ( NVDA 1.80%) remains one of the best artificial intelligence (AI) stocks on the market. But with the chipmaker now trading at a price-to-sales multiple of 26.4, many investors may wonder if shares have gotten too expensive to buy. Don't be fooled: Nvidia stock is still reasonably priced.
Nvidia hit record highs last week, and the company’s market cap surpassed $4 trillion. The stock has room to run higher if Nvidia can get concessions on chip exports to China.
The stock price on an Nvidia chart is usually known for being up and to the right.That's not the case right now as the post-earnings Nvidia sell-off rages on. Nvidia stock is down 9.8% since the ...
Nvidia Corporation (NASDAQ: NVDA) was trading near flat on Wednesday, continuing to consolidate Monday’s surge, which saw the stock close that trading session up 8.66%.
Nvidia’s stock chart shows how bulls are using the recent pause to get refreshed Stock is building a multi-month ‘pennant’ chart pattern, which often lead to continuations of previous trend.
Like many high-growth stocks, Nvidia (NASDAQ: NVDA) shares looked expensive on a fundamental basis over the last three years, even as its price shot higher by almost 980%. Now, some investors likely feel they've missed out because shares trade at what would be considered a relatively high price-to-earnings (P/E) ratio.
Nvidia has the growth to back up its valuation. The stock's gains don't look excessive in light of Nvidia's recent business results. For example, revenue rose 205% year over year through the first ...
However, one chart shows Nvidia isn't as expensive as you might think. Data by YCharts You might think Nvidia is expensive at 55 times earnings, but that's a bargain compared with its five-year ...