Nvidia’s Forward P/E Falls to Its Lowest Since 2012
Nvidia shares fell more than 5% on November 12 and were down about 12% for the week and more than 30% from their October 6 record high. The shares now trade at about 12 times expected earnings, their lowest valuation since 2012. Investors are watching the leadership change, demand for AI data centers and the quarterly results due on November 17.
