Not everyone is hyping Nvidia earnings. Here's why one analyst says the chip maker is 'ridiculously' overvalued.

Nvidia's stellar second quarter earnings report still doesn't justify its current stock price, according to David Trainer.Nvidia stock is way too expensive, even taking into account its stellar second quarter earnings, one analyst says.The firm would need to grow revenue 20% for the next 25 years to justify its current price, according to David Trainer.

over the last three-month period. That's 20% above the expected $11.22 billion in revenue, and an 101% increase from revenue recorded last year, the firm said. But the results from the last quarter aren't enough to justify the billions Nvidia has tacked on in market cap, Trainer said. Given its current price, the company would need to grow its revenue by around 20% a year over the next quarter century, a tough prospect even in the face of booming AI demand.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks open higher ahead of Nvidia earnings: Stock market news todayStocks opened higher on Wednesday morning with investors bracing for results from Nvidia after the bell.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock rises in pre-market ahead of highly anticipated quarterly resultsNvidia stock was higher early Wednesday ahead of the company's highly-anticipated earnings report after the bell.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »