Investor Confident in Nvidia: "It’s Still a Great Buying Point"

Despite Nvidia's impressive run this year, with share prices up 138% in 2024 alone, some investors believe it's still a good time to buy.

On the Pulse investor argues that Nvidia’s valuation isn't excessive, even with its recent growth. The investor sees strong future prospects, particularly in Nvidia's data center business.

"Nvidia’s AI growth curve is just getting started," the investor writes, emphasizing the company's leading position in the AI processor market.

Looking at the broader machine learning sector, On the Pulse notes, "this promising field is poised to see skyrocketing growth until the end of the decade," with Nvidia leading the charge.

In terms of valuation, On the Pulse compares Nvidia to AMD, noting that Nvidia’s 35x earnings multiple is reasonable and not excessively high. The investor prefers Nvidia, given its commanding market share in the GPU market.

"The 35x earnings multiple and the potential for substantial sales estimate beats in the data center segment make Nvidia a solid growth investment," concludes On the Pulse, confidently rating Nvidia shares a Buy.

Wall Street analysts tend to agree with this positive outlook.