Nvidia's growth and profits have fallen but they can get up, and so can NVDA stock
@AfraSimon:
Nvidia(NVDA) shares are down 44% in 2022. Profit growth is slowing, and so could sales. The future remains bright and I’m staying with it. Nvidia$NVIDIA Corp(NVDA)$ stock, the darling of 2021’s market, has lost 44% of its value in 2022.But it’s still not a cheap stock. At its June 23 price of $165/share, Nvidia’s market cap was $407 billion, on fiscal 2022 revenue of $27 billion. The price to earnings ratio was nearly 44. The dividend yields just .1%.With a lot of good stocks like Microsoft$Microsoft(MSFT)$ (NASDAQ:MSFT) andApple$Apple(AAPL)$ (NASDAQ:AAPL) selling for a fraction of that, on a relative basis, it can be hard to see why analysts keep giving Nvidia love.