Nvidia (NVDA) Stock Still Looks Reasonable Following Its 7x Five Year Run

NVIDIA has been one of the defining AI hardware stories of the past few years, and after a huge multi year rally the live question is whether the current share price is still grounded in the cash the business can generate. A recent pullback has not erased the long run gains, which puts extra focus on what the company’s cash flows can support from here. Over the past 5 years, NVIDIA has returned about 7x, which puts a lot of future cash generation and durability assumptions under the...