3 Reasons to Buy Nvidia Stock Like There's No Tomorrow

Some of the best companies in the world have gotten caught up in the recent market sell-off, including Nvidia (NASDAQ: NVDA). The stock is trading down more than 25% off its highs set earlier this year as of this writing.However, this weakness has created a nice buying opportunity in the stock. Let's look at three reasons why investors should buy the stock like there is no tomorrow.The recent stock market pullback has left Nvidia at a very attractive valuation. It now trades at a forward price-to-earnings ratio (P/E) of only 24.5 based on this year's analyst estimates. That's not all, though; its price/earnings-to-growth (PEG) ratio is below 0.5. PEG ratios take into consideration a company's growth, and a multiple under 1 is generally considered undervalued. As such, Nvidia's stock is extremely cheap when you factor in its growth outlook.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool