Think Nvidia Stock Is Expensive? This Chart Might Change Your Mind.
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Nvidia (NVDA) was a top-performing stock in 2024, with a 171% price increase, outpacing the Nasdaq Composite's 28.6% return. Despite a high price-to-sales ratio of 30, the company's growth potential in the generative AI market, bolstered by significant investments from Microsoft and Amazon, suggests continued opportunity. Nvidia's new products, including the upcoming Rubin platform and a $3,000 desktop supercomputer, expand its market reach beyond data centers, indicating that its elevated valuation is justified by future business prospects.
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