US Data Watch: Top 10 Nasdaq 100 stocks with the highest P/E ratios

Economic Times highlights the top 10 Nasdaq 100 stocks with the highest trailing twelve-month P/E ratios. Datadog tops the list at a P/E of 685.37 with a market cap of about $93.38 billion, followed by Microchip Technology (371.16), Tesla (358.91), Palo Alto Networks (306.76), and ARM Holdings (301.29). Other notable entries include Axon Enterprise (216.26), Astera Labs (214.56), Diamondback Energy (196.45), AMD (165.44), and Palantir Technologies (150.52). The article notes that elevated multiples reflect strong growth expectations but may also indicate stretched valuations.