By Mohd Haider
Publication Date: 2026-05-22 18:31:00
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Tae Kim, author of “The Nvidia Way” and founder of Key Context, says Nvidia Corp. is trading at its cheapest valuation in years despite accelerating fundamentals.
Cheap On Every Metric That Matters
“We’re talking about nearly 80% growth on an $80 billion figure in just three months,” Kim said during a Wednesday episode of TBPN. He also noted that the stock trades at about 19 times forward earnings, below the S&P 500’s multiple, even though the index is growing at only around 10%. “Nvidia is becoming more and more undervalued,” he added.
Separately, Jensen Huang, this week, said Nvidia’s Vera CPU platform targets a “brand new” $200 billion TAM in agentic AI workloads, widening the company’s total addressable market beyond GPUs.
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Kim dismissed Google‘s TPU and Amazon’s Trainium as material threats. On TPU specifically, he said, “TPU gets headlines, but $5 billion is nothing when you’re comparing it to a trillion dollars.” He noted Nvidia has locked up supply across memory, wafers and optical components, leaving rivals with little room to scale.
The founder of the reader-supported publication pointed to share buybacks as a potential re-rating catalyst. He said Nvidia has indicated it plans to direct 50% of its free cash flow toward repurchases, though he described the wording…
