Nvidia Nears Its AI Test: Nvidia Stock After Jensen Huang's Buy Call

finance.yahoo.com

Nvidia CEO Jensen Huang's June 8 call to "buy at a discount" during an AI stock sell-off has yielded modest results, with shares up 2.2% versus the S&P 500's 3.1% gain as of Aug. 21. The stock fell 13% before Huang's comments, trading at 23.5 times fiscal 2027 earnings and 16.6 times fiscal 2028 estimates. Nvidia's revenue grew 85% year over year to $81.6 billion in its fiscal first quarter, with data center sales surging 92%. Nvidia remains reasonably priced at 23.8 times fiscal 2027 and 16.5 times fiscal 2028 earnings, with analysts raising forecasts in parallel. The company generated $48.6 billion in free cash flow, though its biggest test comes Aug. 26 with fiscal second-quarter results.


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