By TradingView
Publication Date: 2026-03-27 16:28:00
Nvidia NVDA shares finished Thursday at their weakest level since mid-December, with the stock trading below the S&P 500’s valuation multiple for the first time in more than a decade.
The chipmaker’s forward price-to-earnings ratio stood at about 19.8, compared with 20.3 for the broader index. The discount ends a 13-year stretch in which Nvidia commanded a premium over the S&P 500 on that basis.
Despite the pullback, J.P. Morgan tracking data showed Nvidia was the most-purchased individual stock among retail investors for the week ended March 25.
Wolfe Research reaffirmed an Outperform rating with a $275 price target, citing the Rubin Ultra Pods infrastructure unveiled at Nvidia’s GTC conference. Rosenblatt maintained a Buy rating with a $325 target, and Cantor Fitzgerald kept an Overweight rating at $300.
Analysts noted that production of about 200 pods per week could translate into significant revenue upside relative to current projections.
