$NKE has a higher forward P/E than $NVDA. Even after a 64% drawdown Nike is trading at a higher premium than the AI giant. Unless they are adding computer chips into the shoes it's not an undervalued stock by definition.
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$NKE has a higher forward P/E than $NVDA. Even after a 64% drawdown Nike is trading at a higher premium than the AI giant. Unless they are adding computer chips into the shoes it's not an undervalued stock by definition.