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Bernstein: NVIDIA's Valuation Offers High Return Potential

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Bernstein cited on-chain data showing NVIDIA (NVDA.O) is undervalued compared to the Philadelphia Semiconductor Index, with a forward P/E of 25x. On-chain analysis reveals a 13% discount, a rare level seen only 13 times in the past decade. Investors buying at this valuation have historically gained over 150% in a year. Bernstein rates NVIDIA 'Outperform' with a $275 target.
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