What Bubble? Nvidia Profits Are Rising Even More Than Its Stock
- New guidance set to push down stock’s price-to-earnings ratio
- Seeing Nvidia as too expensive a ‘huge mistake’: Main Street
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Nvidia Corp.’s blowout earnings report lifted shares and assured the market that artificial intelligence mania is still going strong. It might also make the stock look cheaper.
All eyes were on the chipmaker’s guidance for signs about the strength of the AI market, and Nvidia didn’t disappoint. With the numbers now in, bulls are swiftly calculating the stock’s new price-to-earnings ratio, or how much investors are paying for future growth.