OK, sound the trumpets. Nvidia (NVDA) has, yet again, crossed another Big Round Number: this time, $900. We can all agree $1,000 will be the next obsession. I took the time to illustrate each of the five most recent “crossings”, and you can see how the pace is quickening.

(Click on image to enlarge)

Just try to accept the fact that there are people buying this stock for the FIRST time at CURRENT prices.

I’ll leave you with this.

$NVDA P/E ratio today at 75 with current annual revenue of $60 billion, to justify today's stock price, its revenue would need to reach $5.87 trillion in 5 years.

This means revenue needs to 📈 1,857% this year to $1.174 trillion or $293 billion per qtr

*they did $22B last qtr pic.twitter.com/HJM0XZ6lj6

— Golden Coast (Cassandra) (@GregCrennan) March 7, 2024

More By This Author: