Nvidia Stock Is Up 149% This Year. Here Are 2 Stocks That Could Outperform
Sat, Jun 29, 2024 6:40 PM

Nvidia Stock Is Up 149% This Year. Here Are 2 Stocks That Could Outperform

A Flip by Avya Verma
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Nvidia's stock has surged 149% in 2024, tripling its revenue year-over-year, but its valuation appears stretched with a forward P/E ratio of 45. Two AI server stocks, Super Micro Computer and Dell Technologies, could outperform Nvidia for the rest of the year. Super Micro shares have risen 188%, with a forward P/E ratio of 35, and analysts expect 46% annualized earnings growth.

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