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The business might have bottomed but the stock is still expensive.
In this video, I will talk about Nvidia's (NVDA -0.36%) fourth-quarter earnings and explain why we have seen its stock soar close to 50% this year. The markets are forward-looking but even for a great business like Nvidia, valuation matters.
*Stock prices used were from the trading day of Feb. 22, 2023. The video was published on Feb. 23, 2023.
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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