Doubtful we'll see that.
The overall market has been down several days in a row. Global fears of war, US tariffs, rate cut uncertainty....they are all having their part in gradually drawing this market down. NVDA is just drifting down with it.
As far as NVDA's PE? It's been decreasing since April 2023:
Date P/E Ratio
Apr 2023 144.43
Jul 2023 112.81
Jan 2024 51.51
Jul 2024 54.87
Jan 2025 40.86
Aug 2025 59.16
Fundamentally, NVDA is the strongest it has ever been.
Yes, the PB has gone up. And that is normal for a company that continues to outclass and lead its peers! As long as it does, it will continue to be attractive to investors.
Bullish
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