Key Points
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Nvidia’s stock price is back to where it was one year ago, despite impressive revenue and profit growth.
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UBS uses a proprietary quantitative financial model based on cash flow, which suggests Nvidia’s stock price should be much higher.
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Even if the price target is wrong, it’s likely directionally accurate, making Nvidia stock a buy.
One of the biggest debates raging on Wall Street in recent months is what to make of Nvidia(NASDAQ: NVDA). The company was arguably the catalyst for the artificial intelligence (AI) revolution, supplying the graphics processing units (GPUs) that enable the technology. After a run of 1,180% that spanned three years, the stock has fallen 36% from its peak and is back where it was one year ago.
Many…
