Nvidia Comes Back
Ticker: NVDA
The AI infrastructure giant rose 6.3% after the Monday market close.
Since its quarterly report beat analysts' estimates last week, Nvidia's stock had slipped 3%. The Monday rise is a sign of a momentum comeback.
Nvidia's stock has been in Barron's stock pick for months. Barron's argues the stock is just getting started and still cheap. Nvidia's P/E is 34.35.
The analysts' consensus target price for Nvidia is $291.52, a 38% growth from the current price.