NVDA has had a meteoric run, but it is driven by exceptionally strong earnings growth. It isn't just hype.
Investors are willing to pay a higher price now to take advantage of that kind of growth. The stock will have ups and downs, but as long as it keeps strongly growing earnings, it is a good one to own.
Forward P/E of 32.5, which is higher than the S&P 500 Forward P/E of 21, but NVDA is growing four to five times as fast as the typical S&P 500 stocks.
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