Nvidia shares jumped 25% this week — and got cheaper. Here’s how that happens


Nvidia CEO Jen-Hsun Huang on the Consumer Elctronics Show (CES) in Las Vegas, USA, 04 January 2017. Huang introduced that his firm would collaborate with the German automotive firm Audi in future.

Andrej Sokolow | Picture Alliance | Getty Images

The rise in Nvidia shares on Thursday was unbelievable: Not solely was it one of many largest single-day good points in market worth ever, however after a 25% surge the chipmaker’s inventory was really cheaper than the day earlier than.

Consider: On Wednesday, the price-to-earnings ratio for Nvidia was 66.1 primarily based on full-year 2024 estimates, and 49.1 primarily based on 2025 projections. On Friday, the ahead P/E for this yr was 52.9 and simply 39.4 for subsequent yr.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *