Bernstein: Nvidia valuation hits rare "attractive" zone; Target $275

Analyst Stacy Rasgon highlights that $NVDA is trading at a ~13% discount to the Semiconductor Index (SOX), a level seen in only 13 trading days over the last decade.

With a forward P/E of ~25x, the stock is statistically "cheap." Historical data shows that buying at this level yields an average 1-year return of over 150%, with zero instances of negative returns.

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