3 Reasons to Buy Nvidia Stock Like There's No Tomorrow
Some of the best companies in the world have gotten caught up in the recent market sell-off, including Nvidia (NASDAQ: NVDA). The stock is trading down more than 25% off its highs set earlier this year as of this writing.However, this weakness has created a nice buying opportunity in the stock. Let's look at three reasons why investors should buy the stock like there is no tomorrow.The recent stock market pullback has left Nvidia at a very attractive valuation. It now trades at a forward price-to-earnings ratio (P/E) of only 24.5 based on this year's analyst estimates. That's not all, though; its price/earnings-to-growth (PEG) ratio is below 0.5. PEG ratios take into consideration a company's growth, and a multiple under 1 is generally considered undervalued. As such, Nvidia's stock is extremely cheap when you factor in its growth outlook.Continue reading
Some of the best companies in the world have gotten caught up in the recent market sell-off, including Nvidia (NASDAQ: NVDA). The stock is trading down more than 25% off its highs set earlier this year as of this writing.
However, this weakness has created a nice buying opportunity in the stock. Let's look at three reasons why investors should buy the stock like there is no tomorrow.
The recent stock market pullback has left Nvidia at a very attractive valuation. It now trades at a forward price-to-earnings ratio (P/E) of only 24.5 based on this year's analyst estimates. That's not all, though; its price/earnings-to-growth (PEG) ratio is below 0.5. PEG ratios take into consideration a company's growth, and a multiple under 1 is generally considered undervalued. As such, Nvidia's stock is extremely cheap when you factor in its growth outlook.
