Nvidia: too rich even for Cathie Wood
labels a stock market darling of the innovation economy too expensive.
The number that made Wood’s eyes pop is the 25 times sales for the current financial year at which Nvidia is trading amid investor enthusiasm for all things artificial intelligence. That compares with about six times for its peers on the Philadelphia Semiconductor Index and about 12 times for ChatGPT backer Microsoft.True, Nvidia has traded at a premium since the pandemic but the gap is looking more pronounced amid the recent hype.
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