Think Nvidia Is Expensive? This Chart Might Change Your Mind.

Recent advances in artificial intelligence (AI) could have a profound impact on our lives. The ability to automate and streamline tasks and create original content has the potential to increase productivity and save time and money.One company that's been on the bleeding edge of that trend is Nvidia (NASDAQ: NVDA). The company's graphics processing units (GPUs) are the gold standard used to underpin this revolutionary technology, which has fueled a stratospheric increase in its sales and profits -- and, ultimately, its stock price.Nvidia is up 850% since early last year, as of this writing, but it has also seen a commensurate increase in its valuation. The company currently has a price-to-earnings (P/E) ratio of 55, well above the 31 multiple for the S&P 500. While that might seem expensive at first glance, appearances can be deceiving, and the stock isn't as expensive as you might think.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool