Hello,
Congrats to all bulls who held this week.
I wanted to buy NVDA at $210 but I held because I THOUGHT it was overvalued at current market with trailing P/E 50s, forward P/E ~35-40 and PEG 2.5. However, NVDA jumped to 260 in 4 days, which is 23% gain. For some reason, investors keep adding or buying NVDA. In the other hand, AMD and QCOM are underperforming even though they are much cheaper.
Am I am interpreting current valuation incorrectly? Is NVDA overvalued with entry price around $210?
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