In the stock market's popularity contest, Nvidia Corp (NASDAQ:NVDA) might just be the teacher's pet—and Peter Lynch would approve.
The Fidelity fund manager often touted the PEG ratio (price-to-earnings growth) as a quick and dirty way to spot growth at a reasonable price. By that yardstick, Nvidia stands out among the so-called magnificent seven stocks: despite its trillion-dollar valuation and meteoric rise, its PEG ratio of 1.713 (per Benzinga Pro data) is lower than Microsoft Corp's (NASDAQ:MSFT) 2.276 and Meta Platforms Inc's (NASDAQ:META) 2.376. This signals that Wall Street may still be undervaluing its growth story.
