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Nvidia Corporation (NVDA) said yesterday that its fiscal Q2 sales were up just 6% from the prior quarter, and free cash flow (FCF) fell slightly from a year ago. Moreover, its FCF margins have faltered with higher capex spending. Is NVDA stock overvalued now?
NVDA closed at $180.17 on Aug. 28 in after-hours trading, down about 1% from the day before. Moreover, it's been essentially flat for the past month.