NVIDIA’s Future: AI, Self-Driving Cars, Spy Satellites

NVIDIA’s (NASDAQ:NVDA) stock price has tripled in two years, moving from below $20 in January 2015 to above-$60 levels. Sales growth has been spectacular for the company that keeps running away from its competition, but the problem is that this growth has put rocket fuel under its stock, making it surge to nearly 6.5 times sales and 40 times earnings. The valuation is indeed over the top if you start comparing NVIDIA’s price multiple to its peers in the industry, but the company has proved it can grow at a fast pace even when it operates in an industry that demands nonstop innovation. The big difference between NVIDIA and its competitors – such as Intel (NASDAQ:INTC) and Advanced Micro Devices (NASDAQ:AMD) – is that the company seems always to be a step ahead.…

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