Nvidia (NASDAQ: NVDA) is up by 12% year to date, and yet it has gotten a lot cheaper. If a company’s earnings growth outpaces its recent stock gains, that stock presents a more compelling valuation for new investors.

It doesn’t mean long-term investors got robbed. Nvidia has still outperformed the S&P 500 so far this year. However, the reduced valuation suggests Nvidia can rally even higher, especially if it releases solid earnings near the end of August.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of…