Does Costco Stock Really Deserve a Valuation as High as Nvidia's?

Costco (NASDAQ: COST) and Nvidia (NASDAQ: NVDA) rarely appear in the same sentence. One is a membership-based wholesale retailer known for its low prices and loyal customers. The other designs the chips that power artificial intelligence (AI). Yet the market has recently valued their stocks in similar territory on a trailing price-to-earnings basis. That metric for both has been in the low 50s.But this raises the question: How could Costco, which is seeing a growth rate that is just a fraction of Nvidia's command just as high of a valuation multiple?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool