Nvidia shares jumped 25% this week – and got cheaper. here’s why

Jen-Hsun Huang, CEO of Nvidia, at the Consumer Electronics Show (CES) in Las Vegas, the United States on Jan. 04, 2017. Huang announced that his company would collaborate with German automaker Audi in the future.

Andrej Sokolov | Image Alliance | Getty Images

The rise in Nvidia (NVDA) Thursday was incredible: Not only was it one of the biggest market value gains ever, but after rising 25%, the chipmaker’s stock was actually cheaper than the day before.

Consider: On Wednesday, Club holding Nvidia’s P/E ratio was 66.1 based on 2024 estimates and 49.1 based on 2025 projections. On Friday, the forward P/E for this year was 52.9 and only 39.4 for next year.

Sounds a little? Here’s how it goes.


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