Nvidia's Stock Is Trading As If It's 2022 Again

  • Looking at the current P/E ratio, Nvidia Corporation stock trades as if it is 2022 again, meaning that the market does not price in any AI factor at all. Alphabet/Google's strong earnings release yesterday, together with their $75 billion AI spending plan, bolster Nvidia's long-term growth, supported by aggressive innovation and promising collaborations. NVDA's strategic U.S. manufacturing expansion and partnerships with industry-leading players will help mitigate geopolitical risks and might uncover new operating efficiencies.