daily change of +0.02%, but yesterday was a pretty negative day, with the S&P 500 Equal Weight ETF being higher by almost 7%, I suspect the S&P 500 would have been closer to declines in the other indexes.
But by most standards, all those companies saw peak Price-to-sales ratios that decreased dramatically over time. However, at the current value of 35.2 times sales and a market cap of $2.8 trillion, Nvidia needs to grow revenue considerably from here. History has taught us that the market is very good at picking winners and losers. However, typically, the market likes to overpay for those companies in the present. Then, as the final destination comes closer and the future becomes a bit more certain, the multiple starts to compress, and investors are no longer willing to pay those loft valuations. If the market realizes that Nvidia will not be able to grow revenue to a place to justify yesterday’s valuation, the music will stop.
Source: News Formal (newsformal.com)
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