NVDA is undervalued at ~19x forward P/E given 70% projected growth; remains a strong buy in early AI cycle.

For this reason, the first stock I want to add to the list is Nvidia. Now, Nvidia is almost at its all-time high of around $231.63. It saw a good rise before it fell back down.

As for me, Nvidia, as I mentioned, we'll take a quick look at the rating, to show why I think it's very cheap. That's right, we now see Nvidia with a forward price-to-earnings ratio approaching 19. That's crazy.

In particular, especially since they stated in their latest earnings report that they expect 70% growth next year due to supply constraints. If they didn't have supply constraints, their customers would have expected growth to double next year.

Therefore, there is a huge opportunity and a massive appetite that the entire AI world cannot satisfy due to certain bottlenecks in the supply chain.

So, Nvidia's forward price-to-earnings ratio is 18-19, with strong growth this year, and is expected to grow by 70% next year. I can't imagine why this would be a bad investment for a trillion-dollar company.

I think it will continue to benefit, especially if we are still really in the early stages of the artificial intelligence market . Because if we are really in the early stages of the artificial intelligence market , even if Nvidia loses market share, the market is growing in size and Nvidia can continue to grow from here.