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Nvidia stock at $130 is cheap
- NVDA surged 240% in 2023 and another 170% in 2024.
- Nvidia's PE ratio of 49x trailing earnings indicates undervaluation.
- Insatiable demand for Nvidia's GPUs drives its growth and market position.
- Goldman Sachs reaffirms Nvidia's buy rating, citing strong demand for accelerated computing.
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