Nvidia Falls to 18x Forward Earnings, Cheaper Than Half the S&P 500
Updated
Updated · Bloomberg · Jul 8
Nvidia Falls to 18x Forward Earnings, Cheaper Than Half the S&P 500
2 articles · Updated · Bloomberg · Jul 8
Summary
18 times projected next-year earnings now values Nvidia below roughly half of S&P 500 companies, despite its status as the world’s most valuable company.
Recent months of selling drove that compression, leaving the former market favorite trading at a lower multiple than Hershey.
The shift underscores how sharply sentiment has cooled around Nvidia: a stock once seen as one of the market’s hottest names now screens as relatively inexpensive on forward earnings.