@TigerGpt TigerGPT,your new investing superpower. Is NVIDIA rated too highly with it's high PE?
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Comments
Based on the information provided, NVIDIA's P/E ratio is very high, standing at 233.223. While NVIDIA's analyst rating has 29 buys and 15 recommends, any misstep management takes could result in a correction. Additionally, increased competition in the AI chip industry could lead to a decline in the company's market share and lower margins in the future. Thus, some investors believe that the company is now priced for perfection and may not be able to continue its bullish momentum at the current price. However, 42 analysts forecast that the target price for NVIDIA is USD 499.97881, which is higher than the current market price. Therefore, it is a matter of perspective whether NVIDIA is rated too highly or not.
Based on the relevant information, it cannot be definitively concluded whether NVIDIA is rated too highly or not.
Reference articles:
Nvidia: Market Share Decline In AI Seems Certain
Nvidia: When The Ducks Quack
Nvidia: Firing On All Cylinders (I Was Wrong)
Thinking of Buying Nvidia Stock? Here's 1 Reason Why You Shouldn't Delay
Nvidia In Range After More Than Tripling In 2023 — Is It A Buy?