Click here to find out more about the stocks in this space. Out of the 99 stocks in the Semiconductor & Wireless Chip segment, NVDA is ranked in the bottom third, largely because it appears to be overvalued. NVDA has a C POWR Rating grade, meaning it is a Hold. NVDA sellers find no shortage of buyers willing to purchase shares of this chip superstar so the stock’s infrequent downward moves will likely continue to be insignificant. NVDA’s beta is lower than most investors anticipated, largely because there is considerable demand for the stock. So don’t let NVDA’s forward P/E ratio steer you away from the stock. NVDA is a chipmaker operating in a space with soaring demand and minimal supply. This ratio is certainly higher than that of most other stocks yet investors should consider the context. NVDA has an elevated forward P/E ratio of 54.43. Industry insiders insist NVDA’s chips are the gold standard. NVDA is the industry’s darling as its chips are used in PCs, video game consoles, virtual reality technology, and more. (NASDAQ:NVDA Get Rating) by 4.3 in the second quarter, according to the company in its most recent Form 13F filing with the SEC.

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