In the last 30 to 60 days, Nvidia's stock price has fallen about 15% to 20% even while analyst's estimates of its 12-month price target has climbed from about $290 to $322.
That is, its price has fallen even while its forecast profits have gone up.
Suggesting that today's price - about $186 - is a bargain.
As of the close today,
Nvidia's forward P/E is 13. (At a price of $181.60)
Micron's is 3. (At a price of $656.89.)
That's crazy.
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