Its own hefty $620 billion girth is aggravated by a lofty forward price-to-earnings ratio of 38x, price/earnings-to-growth (PEG) ratio of 2.8x and whopping price tag of 20-fold over sales. In the realm of massive, large-cap tech stocks led in valuation by Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT), NVDA shares have a larger problem.

Today, let’s see what else is behind NVDA stock’s seemingly odd and more cautious gain of just 1.90% and what, if any, course of action investors might consider going forward. With more significant damage to rate-sensitive growth stocks and NVDA stock taking it on the chin by 28% over the same period, you might think the reigning champ of the semiconductor market stood even taller. But beggars can’t be choosers, right? And that’s the predicament equity investors found themselves in Tuesday with inflation through the roof, consumer spending worries and no end in sight for Covid-19, the conflict in Ukraine and their negative impact on economies at large.īy the closing bell, the Nasdaq added a “we’ll take what we can get” 2.15% gain after two weeks of slippery de-risking of nearly 10%. It wasn’t entirely festive on Wall Street. And with large-cap tech stocks leading the way higher, Nvidia (NASDAQ: NVDA) stock also rose to the occasion. Economic relief from the housing market and a couple weeks of stiff selling pressure were replaced by some broad-based bargain-hunting on Tuesday.

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