Nvidia, $NVDA, has hit a record $2.2 TRILLION in market cap and is now up 83% in 2024.
Since the October 2023 low, Nvidia has risen 125% and added $1.3 TRILLION in market cap. Nvidia is also now just 18% away from passing Apple, $AAPL, as the 2nd most valuable company in the world. Since October 27th, Nvidia has added an average of $15 billion in market cap PER TRADING DAY. This truly is one of the most historic runs in a stock ever. Source: The Kobeissi Letter
AI Beneficiary PEG Ratios - Locating the Value
Will nvidia $NVDA really plateau at 14% earnings growth after this year? Will arm $ARM come back to earth or will earnings rocket? Source: Consensus Guru
Is Nivdia $NVDA - cheap? Via Bear Traps: "NVDA is now trading at a lower multiple than the NDX: fwd P/E is ~29 vs 32x for the NDX
NVDA is expected to grow earnings at 78% y/y for the current year and the Nasdaq 100 EPS growth is an estimated 17%." Source: TME
Is nivdia $NVDA - cheap?
Via Bear Traps: "NVDA is now trading at a lower multiple than the NDX: fwd P/E is ~29 vs 32x for the NDX. NVDA is expected to grow earnings at 78% y/y for the current year and the Nasdaq 100 EPS growth is an estimated 17%." Source: TME
Bubbles out into perspectives...
Source: Refinitiv
Cocoa Hits All-Time High 🚨
Cocoa competing against Nvidia $NVDA to see which one can set the most of new all-time highs this year... Source: Barchart
$20 billion in options
Traders placed more than $20 billion in stock-options bets tied to Nvidia over the past week. That was more than what they spent on Tesla, Meta Platforms, Microsoft, Apple, Amazon and Alphabet combined. source : wsj, cboe global data
If NVDA Was a Country...
Nvidia is now worth more than the GDP of Russia, South Korea, Australia, Spain, Indonesia, Turkey, Netherlands and South Korea. source : forbes, tme
