UBS says Nvidia shares undervalued; NVDA up premarket
UBS analysts said Nvidia looks undervalued based on a proprietary methodology. NVDA shares were up 1.6% at $217.26 in premarket trading Thursday.
UBS analysts say Nvidia may still be undervalued even as the company reaches a $5 trillion valuation, citing their proprietary methodology. 26 in premarket trading Thursday, though the stock has been largely range-bound.