Wall Street Can't Stop Talking About How "Cheap" Nvidia Is Now
Artificial intelligence darling $NVIDIA$ has become less expensive recently and investors are taking note.“Nvidia’s forward PE is now 41% lower than it was on the day ChatGPT was launched on Nov. 30th, 2022,” Ben Reitzes, head of technology research at Melius Research, wrote in a Monday note to clients. “Of course, in FY25 its net income was up 788% vs. FY23 and revenues are up 384% since then too. Just doesn’t feel right, does it?”