NVIDIA is grossly overvalued, according to my personal opinion and estimates.
NVIDIA's current market capitalization stands at 647 billion USD.
That equates to around 23 times NVIDIA's 2023 revenue and 151 Price/Earnings ratio.
Artificial intelligence or AI and cloud computing is the current mega trend, but such valuation metrics for NVIDIA are simply unreasonable, I think, especially now that NVIDIA's 2023 full year revenue is basically flat compared to 2022.
According to my humble opinion, NVIDIA's intrinsic worth is 330 billion USD.
Meta Inc, formerly Facebook Inc's revenue, for example has much larger, 4 times larger to be exact and Meta's net profit margin is also high.
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