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The Road Ahead 7/7/23

Halftime Report

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NVIDIA: The Best Performance Stock This Year

Right now NVIDIA is selling it a 41 forward PE. That's lower than Tesla at 57, lower than Amazon at 50. Even Microsoft and Apple at 31 and 29 times respectively are selling it elevated multiples. So we're just in a period of time where it looks like there's this great leap forward technologically speaking,. And when they do that in large numbers, you get multiple expansion.

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