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Ross Gerber: Tech stocks like Nvidia, Micron, and Sterling trading at low forward PEs

Ross Gerber: Tech stocks like Nvidia, Micron, and Sterling trading at low forward PEs
Low forward PE for major tech stocks

Ross Gerber, CEO / President of Gerber Kawasaki, described purchasing low price-to-earnings tech stocks. Gerber noted that Nvidia trades at about 12 times forward earnings per share (EPS), Micron at 3 times, and Sterling at 7 times, calling these valuations 'crazy.'

Gerber has previously addressed concerns about industry competition, stating that Chinese memory chip makers will not impact demand for Micron. He pointed to Micron’s strong supply contracts and emphasized security over using Chinese chips. Gerber is also set to discuss electric vehicle and space industry developments in an upcoming appearance related to the potential for a SpaceX and Tesla merger.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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