The S&P 500 index has surged 15% in the first six months of 2023. This uptick has been driven by the top 10 holdings of the index, which have an average forward price-to-earnings multiple of 28.5 times. Comparatively, NVDA stock is priced at 52.4 times forward earnings, which is quite steep.
Analysts also expect the company to increase sales by 58.6% year over year to US$42.8 billion in fiscal 2024, indicating a forward price-to-sales ratio of 23.4 times. Analysts, however, remain bullish on NVDA stock and expect shares to surge another 15% in the next year.$NVIDIA (NVDA.US)$$Advanced Micro Devices (AMD.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
103480872
:
analyst's expecting $42.8 B, but we know Amazon is planning to spend $150B in data center. Microsoft is also planning to spend $100B for data center
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
103480872 : analyst's expecting $42.8 B, but we know Amazon is planning to spend $150B in data center. Microsoft is also planning to spend $100B for data center
103480872 : and also don't forget META's planning to buy 350k H100 which is equivalent to $10.5B