Concerns about Nvidia have dragged the stock’s valuation near historically low levels — and that suggests big gains could be in store, according to a BofA analyst.
Shares of the chip maker
NVDA are currently trading at a forward price-to-earnings multiple of about 25. That’s similar to previous recent “troughs” in October 2023 and July 2022, BofA’s Vivek Arya said in a Monday note.
Nvidia’s stock is almost historically cheap — and that’s a good sign for bulls
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Concerns about Nvidia have dragged the stock’s valuation near historically low levels — and that suggests big gains could be in store, according to a BofA analyst.
Shares of the chip maker
NVDA are currently trading at a forward price-to-earnings multiple of about 25. That’s similar to previous recent “troughs” in October 2023 and July 2022, BofA’s Vivek Arya said in a Monday note.
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