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Is Nvidia Undervalued or Overvalued?

TheMotleyFool

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Is Nvidia Undervalued or Overvalued?Photo, wide shot, wide-angle lens, Data analytics provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d1295d04-cceb-4f1c-be2b-32ca46621336.png

Nvidia (NASDAQ: NVDA) shareholders might have had a confusing week last week. On the one hand, the company reported second-quarter earnings that smashed analyst expectations, along with forward guidance for 18.5% quarter-over-quarter growth. That annualizes to 74% growth.

Yet after an initial after-hours spike, investors actually sold the stock off following the report.

With Nvidia's stock running so much higher this year -- the stock has more than tripled, after all -- it appears Nvidia's stock may have priced in a lot of the good news already.

Source Fool.com

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