Nvidia Stock Trades 81% Above 200-Day Average Amid $2.7 Trillion Valuation, Analysts Question 35x Sales

Nvidia's stock, symbolized as $NVDA, is currently trading close to 81% above its 200-day moving average. This is a rare occurrence, as the equity has spent very little time at this level over the past decade. The company's current valuation stands at $2.7 trillion. Despite this impressive performance, some analysts question whether Nvidia is worth 35 times its sales, suggesting that historical data does not support such a high valuation.