By Joey Frenette
Publication Date: 2026-03-24 13:16:00
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Nvidia (NVDA) announced a $1 trillion Blackwell and Rubin backlog and revealed plans to integrate Groq’s language processing unit technology into its Vera Rubin platform to expand its competitive moat in inference computing. The stock remains consolidating in the $175-190 range despite these major product announcements, with a trailing P/E multiple compressed below 22.0 times.
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Mega-cap tech stocks and AI trades have entered a tough phase with investors showing only mild reactions to major positive developments, creating potential opportunities as investors await clearer signals on whether AI represents sustainable growth or a bubble.
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It’s been a very eventful first few months for Nvidia (NASDAQ:NVDA), but not so much for the stock, which is still consolidating in the $175-190 range. Undoubtedly, it feels like nothing short of a profound breakthrough could nudge shares of Nvidia out of their sidelines channel. Arguably, the company has had more than its fair share of breakthrough innovations going on behind the scenes. This year’s GTC conference was pretty packed with intriguing announcements and demos.
For now, though, it’s hard to tell when the stock will have a sustained positive reaction rather than a mild one. Of course, the GPU titan remains in the right spot as the AI revolution evolves…
