Niaga AWANI: Nvidia's forward PE ratio tumbles to lowest in eight months
AWANI
2023-08-29
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NVIDIA's stock rose 2% to $468, driven by strong quarterly results and a $25 billion share buyback. Despite tripling in value this year, its forward price/earnings ratio dropped to 33x earnings, the lowest in eight months, amidst projections of doubled revenue and quintupled net income.
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