After President Trump's "Liberation Day" tariff announcement sparked fears of a global trade war, stock markets plunged. Amidst this uncertainty, investors may find opportunities in undervalued tech stocks like Nvidia. With a low forward P/E ratio and a PEG below 1, Nvidia stands out as a potential growth stock focused on AI technology. Its GPUs are crucial for the ongoing AI infrastructure developments, with predictions of significant capital expenditures in data centers driven by high demand. Despite tariff concerns, Nvidia's growth prospects remain robust.
Given its valuation and the opportunities still in front of it, Nvidia looks like a solid stock to buy on the dip.
Nvidia stock is clearly on the clearance rack... stocks with PEGs below 1 are considered undervalued.
The company still has a lot of potential growth in front of it. Its graphic processing units (GPUs) are helping drive the artificial intelligence (AI) revolution.
Stemming from a strong demand for AI infrastructure, Nvidia has predicted that data center capital expenditures (capex) will reach $1 trillion by 2028.
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