AI Triumphs EVs? Tesla Vs. Nvidia Charts Paint Stark Picture, Analysts Expect Trend To Continue
Portfolio Pulse from Neer Varshney
The popularity of AI stocks, particularly Nvidia Corp. (NASDAQ:NVDA), has surged, while interest in electric vehicle stocks like Tesla Inc. (NASDAQ:TSLA) has waned. Over the past year, Nvidia's price has increased by 233.6%, while Tesla's has fallen by 16.5%. Both companies do not pay dividends. Nvidia's PEG ratio suggests it is undervalued, while Tesla's indicates expected significant growth. Analyst consensus suggests a 39.5% upside for Nvidia and a 5.32% downside for Tesla.
September 28, 2023 | 4:40 pm
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POSITIVE IMPACT
Nvidia's stock has seen a significant increase over the past year, and analysts predict a 39.5% upside. The company's PEG ratio suggests it is undervalued.
Nvidia's stock has seen a significant increase due to the company's involvement in AI. The company's PEG ratio suggests it is undervalued, indicating potential for further growth. Analyst consensus also predicts a 39.5% upside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Tesla's stock has fallen over the past year, and analysts predict a 5.32% downside. The company's PEG ratio indicates expected significant growth.
Tesla's stock has fallen over the past year, and analysts predict further decrease. However, the company's PEG ratio indicates expected significant growth, suggesting potential long-term investment opportunity.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100