Nvidia Shares Riding On Huge AI Tailwind, Says Portfolio Strategist: Why Expert Says Stock Will Stay On An Upward Path For Next 2-3 Years
NVDANvidia(NVDA) Benzinga·2024-09-10 16:48

Nvidia Corp. NVDA shares came back up on Monday following the 14% decline they clocked in the week ended Sept. 6. An equity market strategist weighed in on the stock trajectory and the artificial intelligence stalwart’s valuation.Reasonable Valuation: Nvidia shares are trading at a 26 times multiple, in line with Coca-Cola and Procter & Gamble but are poised to grow revenue by 30% in 2025 and by 20% the year after, said Chris Grisanti, chief equity strategist and portfolio manager at Mai Capital Management, ...