Nvidia is Down 21%. Here Are 3 Better Stocks to Buy for the Rest of 2024

There are better stocks to buy instead of Nvidia (NASDAQ:NVDA). Although the chipmaker has been an absolute workhorse and promises to radically alter the artificial intelligence landscape, let’s be real and admit NVDA stock is not cheap.The leading AI stock trades at 64 times earnings, 34 times sales, and 70 times free cash flow (FCF). Those are all nose-bleed valuations. Essentially, if you were to buy Nvidia outright, it would take you 64 years to earn back your investment through its profits. As the popu ...