Nvidia Is the Second-Cheapest "Magnificent Seven" Stock Right Now Based on 1 Key Valuation Metric. Is It a No-Brainer Buy?
For a long time, the last description most people would use to describe Nvidia (NASDAQ: NVDA) was "cheap." Some still wouldn't describe the stock with that term. For example, NYU finance professor Aswath Damodaran, known as the "Dean of Valuation," thinks Nvidia remains overvalued by roughly 23%. However, Nvidia is the second-cheapest "Magnificent Seven" stock right now based on one key valuation metric. Is the stock a no-brainer buy?Image source: Getty Images.Continue reading
For a long time, the last description most people would use to describe Nvidia (NASDAQ: NVDA) was "cheap." Some still wouldn't describe the stock with that term. For example, NYU finance professor Aswath Damodaran, known as the "Dean of Valuation," thinks Nvidia remains overvalued by roughly 23%.
However, Nvidia is the second-cheapest "Magnificent Seven" stock right now based on one key valuation metric. Is the stock a no-brainer buy?
Image source: Getty Images.
