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.
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