Nvidia Corp. (NASDAQ:NVDA) has seen its stock soar as exposure to the thriving artificial intelligence technology sector has bolstered its fundamentals, drawing investor enthusiasm. But another stock belonging to the consumer discretionary sector could beat Nvidia in terms of its expensiveness, an investment advisor said on Friday.
What Happened: Chipotle Mexican Grill, Inc. (NYSE:CMG), a chain of fast casual restaurants, commands a higher forward price-earnings multiple than Nvidia, said Ram Ahluwalia, founder of Lumida Wealth, an investment advisor focusing on alternative investments and digital assets, on X, formerly Twitter. According to data provided by Yahoo Finance, Chipotle’s forward P/E is 59.52 compared to Nvidia’s 36.36.
The P/E ratio is a measure of the value of the stock ...