Asian markets were mostly lower on Wednesday after shares slumped on Wall Street despite better-than-expected reports on the U.S. jobs market and business activity. U.S. futures and oil prices were higher.

Unfortunately, the stock currently trades at 120 times adjusted earnings. That multiple looks very expensive, given that Wall Street expects earnings to increase at just 21% annually through 2025. However, patient investors should still consider buying a small position today.

Asian shares mostly rose Tuesday, deriving optimism from rising technology stocks on Wall Street, led by Nvidia. Japan's benchmark Nikkei 225 jumped 2.4% in morning trading to 40,248.68. Hong Kong's Hang Seng index slid 0.