NEW YORK – The huge rally in Nvidia Corp's shares has investors weighing whether to cash in, hold on for more gains or chase a stock that has tripled during the past year.
The stock’s eye-popping performance is drawing in investors afraid of missing out on more gains. Yet it has also made Nvidia’s shares more richly valued: its forward price-to-earnings ratio, for example, has grown by 80% this year. That could make the company’s shares more vulnerable to sharp pullbacks when bad news hits.
The high performance of Nvidia's chips makes them difficult to replace in AI data centers. Adding to this lead is its proprietary software framework that developers use to program AI processors. Tom Plumb, president of Plumb Funds, said he believes the opportunity for Nvidia's chips beyond AI is underappreciated. The firm has held Nvidia shares for more than seven years and it is the largest position in its two funds.
Looking ahead several years, Luria said he doubts Nvidia's customers will spend enough to drive the Wall Street earnings estimates that support the company's valuation. Carlson, of Horizon Investment Services, considers Nvidia a "buy," but because of the stock's relatively expensive valuation, it would not make the cut to be included in Horizon's roughly 30-stock portfolios.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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