1 Unstoppable Artificial Intelligence (AI) Stock to Buy Hand Over Fist Before It Joins the $3 Trillion Club
Nvidia (NASDAQ: NVDA) has more than tripled in value in 2023, and investors who bought shares of the chipmaker at the end of last year are now sitting on massive gains of 237%. That huge price jump probably has some investors asking if it is too late to buy into this high-flying semiconductor stock.
After all, Nvidia stock is now trading at a whopping 113 times trailing earnings and 36 times sales. Those multiples are way higher than its price-to-earnings ratio of 62 and sales multiple of 13 at the end of 2022. It is also worth noting that Nvidia stock is way more expensive right now compared to its five-year sales multiple of 19 and earnings multiple of 73.
So should investors put their money into Nvidia stock in anticipation of more gains? Let's find out.
Source Fool.com
