Shares of GPU maker Nvidia (NVDA) have been looking to catch a bottom of late after shedding more than 50% of their value from peak to trough. Despite the severity of the plunge, the stock remains relatively expensive, with a lot of expectations still built in. At writing, Nvidia stock goes for 46 times trailing earnings, 14.4 times sales, and 47.6 times cash flow, making it one of the pricier names in big tech. The $427 billion graphical powerhouse has delivered incredible hardware innovations under the leadership of its legendary founder and CEO, Jensen Huang. Still, rates are headed higher from here.
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