Despite a 42% share-price rally this year, the valuation is “still reasonable,” according to Weiss. The stock’s so-called PEG ratio, or the price-earnings multiple divided by the expected percentage growth in earnings, “remains in line with historical averages, despite the unrivaled generative AI positioning,” he wrote. The PEG ratio is a metric often used by growth-focused investors.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of
October 2, 2026