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Benzinga
Benzinga
Business
Piero Cingari

Nvidia Stock Hasn't Been This Cheap In 10 Years: Is This A Screaming Buy?

NVDA logo against the background of a bullish market

Picture being told that the poster child of the artificial-intelligence boom trades at the same valuation as the broad market. Not long ago, that would have sounded absurd. Yet, that’s precisely where Nvidia Corp. (NASDAQ:NVDA) stands today.

The world’s biggest semiconductor company has a forward price-to-earnings ratio of just above 20, the lowest reading since December 2018.

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