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Buy Nvidia with 'both hands' because the valuation is at 'stupid' levels, says analyst Meeks
CRAYON summary
CNBC reports that Freedom Capital's head of technology research, analyst Meeks, is urging investors to buy Nvidia stock "with both hands," calling its valuation "stupid" levels. According to CNBC, Meeks noted that after Thursday's decline, the stock is trading at 10 times analysts' fiscal 2028 earnings estimates.
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Buy Nvidia with 'both hands' because the valuation is at 'stupid' levels, says analyst Meeks
The Freedom Capital head of technology research noted that the stock with Thursday's decline is trading at just 10 times fiscal 2028 earnings estimates from analysts.
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