15/7/2024, 8:36:02 am

Nvidia's stock surge: A potential boon for Indian IT services providers

Nvidia's stock has tripled in a year, with revenues and operating income also surging. The company's valuation has reached $3 trillion, driven by demand for its AI chips used by cloud service providers like Microsoft, Meta, Amazon, and Alphabet. With a forward PE ratio of 49, Nvidia's stock is not cheap.