FT商学院

How do you value a company like Nvidia?

It’s the poster child for AI, but surely its shares are too expensive now

The new year has started in much the same way as the last one ended: with a lot of talk about bubbly valuations. The fact the S&P 500 hit an all-time high this week, didn’t help.

But how do you value what is undoubtedly the stock of the decade?

Nvidia, the world’s most valuable company, has seen its share price rise over 3,000 per cent since the start of 2020. It’s now worth $4.5tn. 

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