Wall Street can’t keep up with Nvidia sales

High valuation: A screen tracks Nvidia as a trader works on the floor at the New York Stock Exchange. The company has gained 156% this year and overtook Microsoft Corp last week to briefly become the world’s most valuable company. — Reuters

SAN FRANCISCO: Nvidia Corp is the most expensive stock in the S&P 500 Index, with its shares trading for roughly 23 times the company’s projected sales over the next 12 months.

But there’s a problem with that valuation. In the age of the artificial intelligence (AI) boom, no one can figure out what the chipmaker’s revenues are actually going to be – not the Wall Street analysts covering Nvidia or Nvidia executives themselves.