Key Points Nvidia's profits will grow for years to come.Factoring this growth into Nvidia's forward price-to-earnings multiple makes this stock look very cheap.10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) is one of the hottest stocks on the market today.

Nvidia briefly reached a market capitalization of $4 trillion on Wednesday, making it the first company in the world to reach the milestone and solidifying its position as one of Wall Street's most-favored stocks.

Nvidia stock is up more than 50% over the past three months, leading the broader market rebound after the tariff selloff.

Nvidia stock remains attractively priced, especially when considered in light of its market-beating growth.

Many investors may wonder if shares have gotten too expensive to buy. Don't be fooled: Nvidia stock is still reasonably priced. Get the story here.

A combination of tight credit spreads, a low VIX, placid bond markets, and high valuations for riskier assets could be a sign investors are complacent.

Nvidia stock has regained its momentum in recent months and should be able to sustain it in the long run as well. Nvidia's market share and the potential data center revenue growth that it could clock should help double its market cap in the next three years.