$NVDA WAS AT A 64/PE AT $15 IN 2021
$NVDA IS NOW AT A 64 P/E AT $142 IN 2024
This is why stocks can be expensive but not overvalued at the same.
Now looking back, everyone can agree that Nvidia was NOT overvalued at $15 in 2021 given its up 10x since then, but at a 64 P/E, it was expensive.
You needed some imagination to see past the numbers in 2021 to see what Nvidia could become and what GPUs would do for the world.
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Could be higher! Not to worry.
Nvidia all the best 💪