The tech sector has introduced a new acronym, "BATMMAAN," representing Broadcom (AVGO), Apple, Tesla (TSLA), Microsoft (MSFT), Meta Platforms (META), Alphabet (GOOGL), Amazon (AMZN), and NVIDIA (NVDA, Financial). Each of these companies boasts a market capitalization exceeding $1 trillion.
In 2024, BATMMAAN stocks saw an average increase of 66%, outperforming the S&P 500's 23% rise. Notably, NVIDIA (NVDA, Financial) surged by 171%, driven by favorable earnings forecasts. Analysts highlight NVIDIA's PEG ratio of 0.6, indicating potential undervaluation compared to its peers.
Conversely, Tesla (TSLA) has the highest PEG ratio of 3.2 within the group, suggesting overvaluation despite a 63% stock increase. Broadcom (AVGO) also saw significant gains, rising 108%, but its PEG ratio of 1.3 suggests caution.
While high valuations can deter, NVIDIA's growth prospects make it a standout in the tech landscape.