Nvidia Stock Is Up 149% This Year. Here Are 2 Stocks That Could Outperform It the Rest of 2024.

At these lofty share prices, Nvidia's valuation looks stretched. The stock's forward price-to-earnings ratio was less than 30 to start the year, but it now trades at a more expensive 45 times this year's consensus earnings estimate. Nvidia might experience enough growth to push the stock higher, but there's also a chance that nearterm demand is already baked into the share price, which could limit the stock's gains through the end of the year. 1. Super Micro Computer If it continues to outpace the rest of t ...