CNBC's "Fast Money" Nvidia in Focus, and Can the Yen Rally Gain Momentum? 11/21/23
Nov 21, 2023
Nvidia's latest earnings report and the future of AI. The rally of Japan's currency and its impact on the Bank of Japan. China's chip restrictions and their effect on Nvidia's sales. Predictions on the stock market and the potential of S&P reaching 5000 by year's end. Jeff Bezos selling Amazon shares and Nordstrom's quarterly report.
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NVIDIA's Valuation Concerns
- NVIDIA had a great quarter, but its high valuation might be stretched.
- Investors are starting to take profits, and the stock's volatility is concerning.
NVIDIA's Competitive Advantage
- NVIDIA's ability to maintain high margins depends on staying ahead of competitors.
- Their lead and commitments from companies like Microsoft contribute to their high multiple.
NVIDIA's P/E Ratio
- NVIDIA's P/E ratio is currently lower than its five-year average.
- Bulls argue this is unusual for a stock hitting all-time highs.