Even After Rallying 239% in 1 Year, Nvidia Stock Still Isn't Expensive According to This Key Metric
Nvidia (NASDAQ: NVDA) was the talk of the town in 2023, and it continues to be a Wall Street darling in 2024. It's arguably the single most important stock behind the artificial intelligence trend currently fueling the market.
As Nvidia has climbed higher and the broad market also reaches new all-time highs, skeptics have sounded the alarm for a stock market bubble. And while the market is stretched thinner than in years past, there's still reason to believe Nvidia is not necessarily overvalued, despite its 439% gain since the beginning of 2023.
Say what you want about Nvidia stock's epic rise, but the company is delivering on every measure with a one-two punch of high revenue growth and expanding margins.
Source Fool.com
