This Artificial Intelligence (AI) Pure Play Is Running a Rare "Double Down" Signal
Nvidia is rarely cheaper on a forward P/E basis than the S&P 500.
Overview
The artificial intelligence (AI) investing space has taken a bit of a hit recently. Several stocks are selling off, and a handful of them appear to be flashing buying signals. My top AI stock pick has been Nvidia (NASDAQ: NVDA), and it's flashing a rare "double down" signal. What's a double down? It's when you double your initial investment because the deal has gotten so good.
I think that's what a lot of investors should do with Nvidia's stock, as it hasn't been this cheap this late in the year for a long time.
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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.