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Nvidia: The Best Is Yet to Come

TheMotleyFool

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Nvidia: The Best Is Yet to ComePhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Over the past 10 years, Nvidia (NASDAQ: NVDA), the superchip manufacturer, has delivered remarkable returns, significantly outperforming the S&P 500 index.

A mere $1,000 invested in Nvidia during this period has ballooned into a mountain of cash exceeding $255,000. In contrast, an equivalent investment in a broad-market exchange-traded fund (ETF), such as the Vanguard S&P 500 ETF, would be worth a far more modest sum of around $3,300 today.

However, Nvidia's meteoric rise has elevated its valuation to nosebleed levels. With a forward price-to-earnings ratio of nearly 47, the stock is richly priced compared with the S&P 500. After all, this benchmark index trades at around 21 times forward earnings.

Source Fool.com

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