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Just like this fawning article, a very optimistic scenario for Nvidia is in the market pricing of its stock. Nvidia trades at a 45 trailing PE vs Intel's 15. It
by vegabook 10y ago
Just like this fawning article, a very optimistic scenario for Nvidia is in the market pricing of its stock. Nvidia trades at a 45 trailing PE vs Intel's 15. It's valuation therefore assumes at least 3x more growth than Intel. In a market which it seems literally everybody is trying to target. For example, Qualcomm, (trailing PE 14), just announced a 48-core ARM server processor with vector capabilities for launch H217. And if AMD is allowed to be purchased, and properly funded, by an Asian (or other) entity (already has licencing agreements in place in China), the space could get very crowded for NVDA.
I wouldn't be so sure that the comparison to the 40-year behemoth of silicon, which extracted quasi-monopoly profits for 35 of them, is yet valid.