Nvidia Stock Is Trading at 33X Earnings, Its Cheapest Price in 5 Years. Should You Buy It Before Aug. 26?
The AI powerhouse will give investors a major update next week.
Overview
Nvidia (NASDAQ: NVDA) has become one of the most important companies in the world, driving artificial intelligence (AI) development and creating loads of shareholder wealth in the process. However, there are signs the stock may be slowing down. It's beating the market this year, up 16.8% vs. 12.2% for the S&P 500, but that's nowhere near the gains it's delivered in the past.
At the current price, it trades at under 33.3 times trailing 12-month earnings, just off a 5-year low. Nvidia reports fiscal 2027 second-quarter (ended July 27) earnings on Wednesday, Aug. 26. Is now the time to buy?
Image source: Nvidia.
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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.