Nvidia shares fall up to 25% from record, erasing $1.4 trillion in market value
Photo: Crypto Briefing
The AI chip giant's valuation has compressed after a sharp selloff, even as its latest quarter showed triple-digit revenue growth Nvidia , the company that sells the picks and shovels of the AI gold rush, is now priced like a sleepy utility. Its forward price-to-earnings ratio has dropped to approximately 12.9x to 13x after a steep market selloff. That puts the chipmaker below the S&P 500 as a whole. It also puts it well below Walmart , a retailer best known for low prices, not for growing revenue at triple-digit rates. A forward P/E is a simple idea.
Source: Crypto Briefing
