Niaga AWANI: Nvidia's forward PE ratio tumbles to lowest in eight months
- 8 bulan lalu
NVIDIA's stock rose 2% to $468, driven by strong quarterly results and a $25 billion share buyback. Despite tripling in value this year, its forward price/earnings ratio dropped to 33x earnings, the lowest in eight months, amidst projections of doubled revenue and quintupled net income.