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Motley Fool analysts stated that despite NVIDIA's high valuation, they still plan to hold its stock.
Motley Fool analyst Selena Maranjian stated that despite NVIDIA's price-to-sales (P/S) ratio reaching 17, she plans to hold the stock. She noted that NVIDIA's Q2 revenue grew 106% year-over-year to $96 billion, with data center revenue increasing by 117% to $89 billion. Additionally, NVIDIA recently announced the acquisition of AI company Hugging Face for $12.9 billion and repurchased $26 billion in stock. She believes that NVIDIA's forward price-to-earnings (P/E) ratio of 24 is significantly lower than its five-year average of 35, and its price-to-cash flow (P/CF) ratio of 29 is also well below its five-year average of 51, indicating that its valuation is not excessive.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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