NEW YORK/SAN FRANCISCO :Even after Nvidia Corp's blistering rally in recent days, the chip developer's valuation has actually fallen, at least by one measure widely used by analysts and investors. The chip developer has risen more than 31 per cent in the last three sessions including a 3 per cent gain on
NEW YORK/SAN FRANCISCO :Even after Nvidia Corp's blistering rally in recent days, the chip developer's valuation has actually fallen, at least by one measure widely used by analysts and investors.
While investors rushed to buy Nvidia's stock in recent sessions, its P/E multiple has fallen simply because Wall Street's earnings expectations for the company rose even faster than its share price. Analysts raised their price targets to a median of $450 from $300 at the end of last month, according to data collected by Refinitiv. But still they debated whether the company would be able to live up to the hype.
While investors are excited about the sudden jump in Nvidia's revenue, they will have to watch for problems such as supply chain pressure, said Susannah Streeter, head of money and markets at Hargreaves Lansdown, who sees the potential for such bumps bringing price volatility.
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