Fundstrat Head of Research Tom Lee continues to describe Nvidia as undervalued, arguing that its price-to-earnings multiple is compressing even as earnings and revenue expand rapidly. Nvidia reported Q2 revenue of $96.22 billion, up 105.9% year over year, or roughly 106%, while adjusted earnings per share of $2.22 exceeded the $2.09 Wall Street consensus and rose from $1.05 a year earlier. Management guided to approximately $108 billion in revenue for the upcoming quarter, supported by demand for AI-related infrastructure. Nvidia shares opened Friday at $227.98, within a 52-week range of $164.07 to $236.54, giving the company a market capitalization of $5.52 trillion. Blue Zone Wealth Advisors increased its Nvidia holdings by 21.4% in Q2 to 129,666 shares valued at approximately $25.9 million, while Longfellow Investment Management raised its stake by 47.9%; Spurstone Advisory Services and Phillip James Consulting also opened new positions. Institutional investors and hedge funds control 65.27% of Nvidia’s outstanding shares. Wall Street’s consensus price target is $322.61, with 48 Buy ratings, two Strong Buy ratings and four Holds. Nvidia approved an $80 billion stock buyback in May and announced a quarterly dividend of $0.25 per share, payable October 1 to shareholders of record September 10. Insiders sold approximately $410.4 million of stock over the past 90 days. The company’s P/E ratio is 28.82, its PEG ratio is 0.41 and its beta is 2.23.