Where Will Nvidia Stock Be in 1 Year?
Nvidia (NASDAQ: NVDA) has multiplied investors' wealth handsomely over the past year. Share prices of the semiconductor giant are up 223% during this period, leading some to wonder if this high-flying stock can sustain its momentum in the coming year as well -- especially considering the inflated valuation it is trading at right now.
With an impressive surge in the past year, the stock now trades at 106 times earnings and 33 times sales. Those multiples are way higher than Nvidia's earnings multiple of 62 and sales multiple of 13 at the end of 2022. So it won't be surprising to see investors who are tempted to sell Nvidia stock and book profits.
However, doing so could be a mistake.
Source Fool.com
