Is Nvidia stock a buy or a sell?
The S&P 500 index has surged 15% in the first six months of 2023. This uptick has been driven by the top 10 holdings of the index, which have an average forward price-to-earnings multiple of 28.5 times. Comparatively, NVDA stock is priced at 52.4 times forward earnings, which is quite steep.
Analysts also expect the company to increase sales by 58.6% year over year to US$42.8 billion in fiscal 2024, indicating a forward price-to-sales ratio of 23.4 times. Analysts, however, remain bullish on NVDA stock and expect shares to surge another 15% in the next year. $NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$
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103480872 : analyst's expecting $42.8 B, but we know Amazon is planning to spend $150B in data center. Microsoft is also planning to spend $100B for data center
103480872 : and also don't forget META's planning to buy 350k H100 which is equivalent to $10.5B