Unraveling Nvidia's Value: Wharton's Jeremy Siegel Says 'No One Can Predict How High' Shares Might Go
Portfolio Pulse from Shanthi Rexaline
Nvidia Corp. (NASDAQ:NVDA) shares have risen over 160% YTD due to its AI momentum. Wharton professor Jeremy Siegel believes the stock may be slightly overvalued in the long term but sees potential for further short-term gains. The stock trades at a forward P/E multiple of 84.03 compared to the tech sector's average of 25.
May 29, 2023 | 10:59 am
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Nvidia's shares have risen significantly due to its AI momentum, and while it may be overvalued long-term, there's potential for short-term gains.
Nvidia's stock has risen over 160% YTD due to its AI momentum, and Wharton professor Jeremy Siegel believes it may be slightly overvalued in the long term. However, he sees potential for further short-term gains, which could positively impact the stock price in the short term. The stock's forward P/E multiple is significantly higher than the tech sector's average, indicating a potential overvaluation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100