By Keithen Drury, The Motley Fool
Publication Date: 2026-04-27 03:07:00
A few weeks back, I was pounding the table about how good a value Nvidia (NASDAQ: NVDA) was. However, the stock has been rising and is now within a few percentage points of hitting a new all-time high. That’s a far cry from the 20% below its all-time high where it was at the start of April.
The question now is obvious: Is Nvidia still a buy after returning to all-time highs? I think the answer is pretty clear — and is a resounding yes.
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Nvidia now trades for 24 times forward earnings estimates, which really isn’t all that expensive. For reference, the S&P 500 (SNPINDEX: ^GSPC) trades at 21.6 times forward earnings as I write this. Some other notable names and their price tags are Alphabet at 28 times forward earnings, Apple at 31.2 times forward earnings, and Costco at 49 times forward earnings. Nvidia is one of the premier artificial intelligence (AI) stocks and gives investors the ability to make money from the AI build-out right now, so I think the valuation makes it a buy.
There is still a ton of building left to go before the AI hyperscalers have the computing capacity they desire. Data centers don’t go up overnight, and the billions of dollars in infrastructure spending announced last year…
