The Last Time Nvidia Stock Was This Cheap, It Nearly Doubled in 6 Months. Can It Repeat?
The Motley Fool • • business
Key Points:
- Nvidia's stock is currently trading at a forward price-to-earnings ratio of about 25, which is considered cheap compared to its recent peak and similar to levels seen during a previous market dip that preceded an 81% return.
- Despite recent market volatility and a 10% pullback from its peak, Nvidia's growth rates remain strong, supported by its dominance in AI computing GPUs and rising capital expenditures by AI hyperscalers.
- Nvidia's management forecasts that global data center capital expenditures could reach $3 trillion to $4 trillion annually by 2030, positioning the company to benefit significantly from this trend.
- Wall Street analysts expect Nvidia's revenue to grow by 52% in fiscal 2027, maintaining a robust growth trajectory
%3Amax_bytes(150000)%3Astrip_icc()%2Fhealthiest-nut-butters-GettyImages-2158327610-b0facaf585c04d1b9bbd98a59a4c2b76.jpg?format=webp&w=120&h=80)
