Siegel: Nvidia's 20x P/E Is a Steep Discount for a 30-40% Growth Stock

Siegel: Nvidia's 20x P/E Is a Steep Discount for a 30-40% Growth Stock

Quick Read Nvidia (NVDA) trades at $180.05, down 6.64% this week, at 23x forward P/E with full-year revenue of $215.94B up 65%, Q4 revenue of $68.13B up 73.2%, and consensus target of $264. Meta (META) committed to millions of GPUs. Jeremy Siegel argues Nvidia’s valuation compression to 23x forward P/E is excessive for a company growing 30-40% or faster, driven by market fear rather than fundamentals. Finally! You can open a SoFi Crypto accou…