Nvidia down ~23% from peak, trading at ~13x forward P/E, cheaper than the S&P 500
ivan_bezdomny · x · 2026-11-06
Per The Kobeissi Letter, Nvidia now trades at 13x forward P/E after a sharp drop — 7 turns below the S&P 500's 20x and less than a third of Walmart's 43x, making the AI buildout leader one of the market's cheapest stocks. ivanbezdomny notes NVDA is down year-over-year and 23% from its peak a month ago, though every chip it makes is still being sold; losses stem partly from its investments in partner companies post-election.
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