Is Nvidia Stock a Buy Before Nov. 17? Here’s What I’m Doing.
Nvidia (NVDA -5.47%) is one of the most interesting stocks in the market right now. On the surface, the company is crushing results and is projected to have another monster growth year in 2027.
But sometimes an event occurs that nobody sees coming, and it derails the investment thesis: CEO and founder Jensen Huang admitted to an affair. While that may not be in good taste and Huang admitted his mistakes, the bigger problem is that the affair was with an alleged Chinese spy. Considering that the U.S. government has taken great lengths to keep some of Nvidia’s top technology out of China’s hands, this is a fairly big deal.
While an investigation is ongoing, the market has already reached its own conclusion, and Nvidia’s stock sold off sharply as a result. Nvidia reports earnings on Nov. 17, which could be a huge turning point for the stock.
So, is now the time to buy? Here’s what I think investors should do.
Image source: The Motley Fool.
Nvidia is still a strong business
Nvidia is a GPU company that makes best-in-class GPUs that are widely popular among its client base. Regardless of what happens with the Huang situation, that fact will remain true. As investors, we should focus on the business and be less distracted by other events.
While the allegations are serious, I think investors are overlooking that Nvidia is incredibly strong and expected to report monster growth in the next quarter.
NVDA – Nvidia
$168.89-$9.78 (-5.47%)
NASDAQ · As of 4:00 PM ET 11/10/26
Wall Street analysts estimate 91% revenue growth in Q3 and 83% in Q4. That would indicate 91% growth this year. Furthermore, Nvidia told investors last quarter that it expects 70% revenue growth for 2027. That’s simply incredible and showcases Nvidia’s business strength.
The world is in a compute-constrained state with massive amounts of AI workloads popping up, and Nvidia is one of the largest suppliers of these chips. It also has leading technology. This is what investors should be focused on, not other stories. With the stock selling off, I think now is as good a time as any to buy, as Nvidia hasn’t been this cheap in recent history.
Nvidia stock looks like a bargain
Stocks can be valued in multiple ways, and no matter how you slice Nvidia, it’s cheap.
Nvidia trades at 22.6 times earnings, the lowest price it has seen since 2019. However, its revenue growth was negative during that time, not soaring like it is today.
NVDA Revenue (Quarterly YoY Growth) data by YCharts
As another data point, the S&P 500 (^GSPC -0.38%) trades at 22.4 times trailing earnings, so Nvidia is basically priced like the market-average stock despite massive growth. This is a significant mismatch and presents a compelling investment opportunity.
If we utilize next year’s earnings projections for Nvidia, the situation becomes even more ridiculous.
NVDA PE Ratio (Forward 1y) data by YCharts
It trades at just 11 times forward earnings, a level only seen at the start of the fiscal year, when we’re still a long way from the following year’s results. That’s a dirt cheap price tag to pay for a stock that’s expected to grow at a 70% pace and is also one of the leading companies in the world.
This deal is too good to pass up, and Nvidia’s business will likely be fine over the long term. As a result, I think investors should swoop in and buy Nvidia shares. While the turnaround may not happen instantly, I think by the end of 2027, investors will be elated to have bought shares for less than $200 per share, as the stock could easily double and still look pretty cheap.
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Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.