Posted 2/26/2024, 12:00:16 PM
NVIDIA Stock Hits 52-Week Highs But Valuation Concerns Remain
- NVIDIA's share price has increased substantially recently and is trading near 52-week highs
- The company currently looks expensive compared to industry peers based on its high price-earnings ratio
- NVIDIA is expected to see strong earnings growth over the next few years
- The positive outlook seems already priced into the current share price
- Investors may want to wait for a better entry point if they don't already own the stock