Goldman Sachs has a message on Nvidia stock for investors

The Goldman Sachs trading desk has circulated a note flagging what it describes as a significant disconnect in Nvidia stock. The core observation is that NVDA is now trading at a forward price-to-earnings ratio below the S&P 500 for the first time in more than a decade, even as the company continues to deliver some of the strongest earnings growth in the index. According to the Goldman Sachs trading desk note, Nvidia is trading at approximately 19.7 times forward earnings. The S&P 500's forward multiple ...