Is Nvidia Stock Still a Good Buy at $220?
Shares of the tech behemoth are up 17% this year as it's reached a new record high.
Overview
It may seem ludicrous: the idea that a company with a $5.3 trillion valuation and the largest market cap of any publicly traded company might still be a cheap buy when factoring in its growth potential. But that's precisely the bull case for chipmaking giant Nvidia (NASDAQ: NVDA).
While it has a sky-high market cap, it's backed by strong financials. The company has been a profit-generating beast over the years, so its valuation relative to earnings isn't outlandish. Some analysts and investors even argue that it may be a bargain.
Details
Is that really the case, and is tech stock a good buy, even at its elevated levels?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.