Wall Street expects Nvidia to deliver $4.02 in earnings per share during fiscal 2026, which places its stock at a forward P/E ratio of just 28.7. From that perspective, it actually looks quite cheap!

Stocks were choppy in the lead-up to today's Federal Reserve policy announcement. While the main indexes made a confident move higher after the central bank cut rates by a half-percentage point, a late-day burst of selling pressure sent them into the red at the close.

Nvidia’s stock historically has made dramatic moves in the year after initial Fed interest-rate cuts, and it has outperformed the S&P 500 on average when looking at all rate cuts since the IPO.

Nvidia is one of the most important players in the artificial intelligence (AI) realm. Demand for the company's GPU chipsets is off the charts and has spurred record growth. While Nvidia stock has been a lucrative one to own during the AI boom,

Financial writer bullish on Nvidia Corporation citing strong fundamentals, impressive growth, and potential upside despite recent gains. Click for this NVDA update.