NVIDIA Trades at a Premium Valuation: Should You Still Buy the Stock?

Key Takeaways NVDA trades at a premium with a forward P/E of 37.06X, well above the sector and most semiconductor peers.NVDA benefits from strong AI-driven demand as its data center unit delivered nearly 90% of total Q3 revenues.NVDA posted Q3 revenue growth of 62% and expects Q4 sales to climb 66% year over year.NVIDIA Corporation (NVDA) shares are currently trading at a premium, as suggested by the Value Score of D. The stock is trading at a premium, with a forward 12-month price-to-earnings (P/E) multipl ...