The rapid rise in Nvidia 's share price amid the artificial intelligence hype has left some investors questioning the sustainability of the company's valuation. With the stock trading at a lofty 2.5% free cash flow yield for next year, some investors are urging caution. Historically, Nvidia traded at a 4% FCF yield before the pandemic.
Visa is a top-10 stock in Sanlam's Global High Quality equity fund, which manages more than $585 million in assets. The stock has risen by 7% this year, and analysts expect it to rise another 9.3% over the next 12 months. Gerry Fowler, chief European equity strategist at UBS, echoed the sentiment about the importance of a company's competitive moat while picking stocks.
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