New markets fuel Nvidia’s jump

Article Excerpt

NVIDIA CORP. $176 (Nasdaq symbol NVDA; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 600.0 million; Market cap: $105.6 billion; Price-to-sales ratio: 12.6; Dividend yield: 0.6%; TSINetwork Rating: Average; www.nvidia.com) is a leading designer of 3D-capable video chips. Among other things, those products make video games more lifelike and help them run more smoothly. The company continues to find new uses for its graphic chips. Those include powering self-driving cars, data centres and computer systems for artificial intelligence. Thanks to these new markets, Nvidia’s stock has soared 170% in the past year. However, it now trades at a high 48.5 times the $3.63 a share the company should earn for the year ending January 31, 2018. Nvidia is still a hold. hold…