Veteran Investor Sings the Praises of Nvidia (NVDA), JPMorgan (JPM)

Nvidia (NVDA) stock “is pretty underappreciated now,” Tom Plumb, the president of Plumb Funds, told Schwab Network recently. Plumb also noted that he had recently bought JPMorgan (JPM) stock.

NVDA Is Key to “the Digital Revolution,” Plumb Says

NVDA is “really fueling all aspects of the digital revolution,” the investor stated. It’s involved in AI and many other new digital technologies, he noted.

He reported that NVDA’s top line is expected to jump 40% to 50% this year, while its profit margins are projected to come in at 60%, and it is trading at a price-to-earnings ratio of just 20 times.

In light of these points, NVDA stock “is pretty underappreciated right now,” he said.

JPM Is Cheap, Plumb Says

 Calling JPM “one of the best financial institutions in the world,” Plumb noted that the shares are changing hands at just 12 times the bank’s earnings.

“If you buy JPM now, I think you’ll be fine even in a worst-case scenario,” Plumb said.

The Recent Price Action of NVDA Stock

In the last month, the shares are down 17%, while they have retreated 31% in the last three months.

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This article is originally published at Insider Monkey.