--- title: "Nvidia Stock: Is It Still a Good Buy at $230?" type: "News" locale: "en" url: "https://longbridge.com/en/news/298231383.md" description: "Nvidia stock is up 24% in 2026, outperforming the S&P 500. Trading near $230 with a $5.6T market cap, it boasts a P/E of 29 and 106% YoY revenue growth to $96.2B. While valuation appears low relative to growth, risks include potential pullbacks in AI spending by tech companies due to economic downturns or rising interest rates." datetime: "2026-09-07T19:31:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298231383.md) - [en](https://longbridge.com/en/news/298231383.md) - [zh-HK](https://longbridge.com/zh-HK/news/298231383.md) generator: "portal-rs" --- # Nvidia Stock: Is It Still a Good Buy at $230? **Nvidia** (NVDA +0.84%)'s stock is having another terrific year in 2026, rising by around 24% thus far. Although it was initially off to a poor start, it's beating the market yet again, as the **S&P 500** has risen by a more modest rate of 13%. The tech giant has been leading the artificial intelligence (AI) revolution with its cutting-edge chips, and its recent quarterly results showcased just how strong demand remains, with its growth rate accelerating from the previous quarter. Currently, the AI stock is trading around $230 as it approaches a new all-time high. Is it still a good buy at its current levels? ![Man reviews printed financial charts beside a laptop displaying data graphs in an office.](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2Nkbi5jb250ZW50LmZvb2xjZG4uY29tL2ltYWdlcy8xdW1uOXFlaC9wcm9kdWN0aW9uLzQ5NDNjNTNiYTFmZDFlNjk1NWMxMWI1ZTIwZDM1MTk1OWY4NzhhNjctMjAwMHgxMzMzLmpwZz93PTIwMDAmaD0xMzMzJnE9NzUmYXV0bz1mb3JtYXQmdz0zODQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Image source: Getty Images. ## Nvidia's valuation looks low given the growth it's been generating At around $5.6 trillion in market cap, Nvidia is easily the most valuable company in the world. What's striking, however, is just how inexpensive the stock is given its high level of profitability. The stock trades at a price-to-earnings (P/E) multiple of 29. While that is a bit higher than the S&P 500 average of 24, it's arguably warranted given just how strong its growth has been. Nvidia's revenue for its most recent period, which ended on July 26, totaled $96.2 billion -- a whopping 106% increase year over year. That's a significant acceleration from the 85% growth it reported three months earlier. Paying such a modest multiple for this type of growth makes Nvidia's stock look like a steal of a deal. CEO Jensen Huang also remains bullish on the future growth of the business, now that AI tokens are paying off. "AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue," Huang stated in the company's earnings release. Expand ![Nvidia Stock Quote](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL05WREEucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## NASDAQ: NVDA Nvidia Premium Feature Moneyball Superscore 94/100 Today's Change (0.84%) $1.91 Current Price $230.36 ### Key Data Points Market Cap $5.6TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary. Day's Range $229.63 - $234.76 52wk Range $164.27 - $236.54 Volume 135.4M Avg Vol 136.9M Gross Margin 74.67% Dividend Yield 0.12% ## The caveat with Nvidia's stock Nvidia has been a growth beast and its business looks as though it's ramping up at a time when many investors may have assumed it might be due for a slowdown, given an increase in competition. In light of its recent numbers, it wouldn't be surprising for Nvidia's stock to continue to hit new heights this year. The one risk with the stock, however, is that it depends heavily on many interconnected tech companies and on their continued commitment to spending big on AI. If there's a pullback in AI spending, that could have a drastic and sudden impact on Nvidia's growth. While that doesn't appear likely today, if there's an economic downturn or interest rates rise, there may be increased pressure for companies to scale back capital expenditures. It's a risk that investors who buy Nvidia's stock need to be aware of, because while its valuation doesn't look all that high right now, things could change quickly. ### Related Stocks - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [NVD.US](https://longbridge.com/en/quote/NVD.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [NVDB.US](https://longbridge.com/en/quote/NVDB.US.md) - [NVDG.US](https://longbridge.com/en/quote/NVDG.US.md) - [NVDO.US](https://longbridge.com/en/quote/NVDO.US.md) - [NVDW.US](https://longbridge.com/en/quote/NVDW.US.md) - [NVYY.US](https://longbridge.com/en/quote/NVYY.US.md) - [NYYY.US](https://longbridge.com/en/quote/NYYY.US.md) - [DIPS.US](https://longbridge.com/en/quote/DIPS.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [09388.HK](https://longbridge.com/en/quote/09388.HK.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [Jensen Huang Calls Nvidia Chips a 'Revenue-Generating Asset' as Older H100 Rentals Reach $3.28 an Hour](https://longbridge.com/en/news/298295419.md) - [NVIDIA Buys Hugging Face, the Heart of Open-Source AI](https://longbridge.com/en/news/297939652.md) - [Myriad Asset Management Advisors LLC Acquires 6,501 Shares of NVIDIA Corporation $NVDA](https://longbridge.com/en/news/298127631.md) - [Nvidia Reportedly Nears $14 Bln Deal To Buy AI Startup Hugging Face](https://longbridge.com/en/news/297736097.md) - [BCS Wealth Management Has $4.44 Million Holdings in NVIDIA Corporation $NVDA](https://longbridge.com/en/news/297874180.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**