Nvidia's (NASDAQ: NVDA) strong artificial intelligence (AI)-related growth has driven the shares up 179% so far in 2024, at the time of this writing. The stock trades at a high price-to-earnings ratio of 55,

Nvidia stock has been on a disappointing run since its earnings last week but the good vibes looked set to return in a holiday-shortened session Friday.

The chipmaker has already been a huge winner, but investors may be overlooking a crucial detail that's hiding in plain sight.

Analysts have been busy updating their discounted cash flow models and price targets for Nvidia (NVDA) after the most important AI company in the world failed to give the sort of blow-out revenue guidance Wall Street has come to expect.