TOM LEE: NVIDIA $NVDA IS HAVING ITS APPLE $AAPL MOMENT AND THE RE-RATING MAY NOT BE OVER
He compares Nvidia to the way Apple was once viewed:
- Apple used to be seen as a hardware phone maker that should trade around 10x earnings
- Then it re-rated closer to 30x as investors understood the business differently
- He thinks a similar re-rating can still come for Nvidia, even with big expectations heading into earnings