By Rich Duprey
Publication Date: 2026-11-08 16:08:00
Quick Read
Nvidia (NVDA) looks cheap at 13 times forward earnings, but a 30% cut to estimates would push the multiple to about 18.
Supply commitments climbed to $279 billion and days sales outstanding stretched from 45 to 60, adding balance sheet risk to the AI boom.
Wall Street still sees about 75% upside, with 59 of 62 analysts rating Nvidia Buy or Strong Buy despite the selloff.
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Nvidia (NASDAQ:NVDA) trades at $186.64. A forward multiple near 13 only looks cheap if Wall Street’s earnings forecasts hold up through the next phase of the AI expansion.
Nvidia makes the accelerators, networking gear and CUDA software at the center of AI data centers. Fiscal second-quarter revenue reached $96.22 billion, up 105.8%, and Data Center sales rose 117% to $89.02 billion. Still, the stock fell 21.4% over the past month during a broad chip selloff that Barron’s described as leaving chip stocks at fire-sale prices.
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