In 2013 NVDA could see rapid PE expansion as the market comes to realize growth NVDA is making in Tablets and Smartphones. A solid 290% growth from ~250Million per year to ~1.4Billion in revenue in the growing tablet and smartphone market. Also I have heard that the Telcos are asking for second source to Qualcom. NVDA is a great second source. As NVDA hits about $1.50 in earnings next Fiscal year the PE will likely expand to 15 to 20 level taking the stock to the $20 - $30 range. Remember that the stock was at $27 just two years ago. Company has a massive buyback plan with the increasing cash and no debt. That is good.