Nvidia not overvalued despite low forward P/E and market cap, says DataTrek's Nick Colas

Sean Myers, assistant professor of finance at the Wharton School, and Nicholas Colas, co-founder at DataTrek Research, join CNBC's 'The Exchange' to discuss Nvidia's valuation, how much weight to give P/E ratios, and more.

[ChadmuniMal]

Whales group says that AMS160X will be pumped on Sunday

[feccrox]

Papenovax token on base made a nice jump 🐸

[Elizabeth-mhdj]

Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?

[MrMountain]

Tell me, who is likely to beat Nvidia GPU's. I'm waiting.

[keshav_geming]

Got into AMS160X at .26¢ and grabbed 1000 coins and now I'm up over 425%.

[manojdantani]

Let’s go papenovax token to the moon 🔥

[samsonchan]

Not overvalued by their current financial growth but the question is whether that growth trajectory is sustainable, that's all.

[jeffreyvolyn]

I would be very surprised if someone could supplant NVIDIA in the next decade. Jensen wouldn’t let that happen. Their ecosystem and vertical integration are unique and nobody is going to topple that for some unforeseen period of time.

[AcctistaZ]

Actually NVIDIA will be the leader in GPUs. Nobody knows how to make them

[sandipanaich]

I dont understand why people hear AI when Jensen Huang is shouting Accelerated Computing all the time.

[syedarmaghanhassan]

Yeah, but the question is why it happened to cisco that they couldn't benefit themselves? Why?

[hurlentropy]

Forward PE should be used cautiously since the future is impossible to predict, esp thr further you go out as you add on more unknowns

[kevn]

Bringing up Intel in the 90s as an example of chip companies' market cap lmao wtf. Dont need to watcch more than the first 10s.

[syedarmaghanhassan]

Please mention Tesla's PE, and its Earnings growth . I think it is 70
NVIDIA is so cheap @40

[KilgoreTroutAsf]

The big red flag is not its high P/E, but the fact that it already has two big competitors that will undercut NVIDIA's prices to get a piece of market share, and likely many more will follow.
At the end of the day, there is no reason to use NVIDIA's chips over anyone else's when they are all made by the same company and with the same silicon manufacturing process.

[MatthewMS.]

Nicholas Colas is one of the best at what he does.

[Ronakjain]

What is your opinion about papenovax token. Like your previous price prediction? $1 is possible?

[aliasoma]

According to Finviz, NVDA forward p/e is currently 32.59

[johnouellet]

Still going strong I just bought 45 more shares, It’s going to explode after the split. A lot of people are getting in when the price is right

[suekuan]

Hopefully nvidia has other markets in their sights. No one is talking about robots, factory automation, teaching robots etc. that potentially can be powered by nvidia or nvidia robots.