Nvidia Stock is Cheap—What That Signals

Here’s a startling statistic: The last time Amazon shares traded as cheaply as they are now, as a multiple of earnings, was during the 2008 financial crisis, according to Koyfin data. Indeed, Amazon’s stock is so cheap that it’s trading at a discount to Walmart for the first time ever. Considering that Amazon’s revenue is growing at roughly a 12%-plus annual basis, and Walmart at closer to 5%, the disparity in their valuations doesn’t make much sense.