Add as a preferred source on GoogleNvidia’s Forward P/E Falls to Its Lowest Level Since 2012
Shares are down more than 30% from their Oct. 6 record amid leadership uncertainty and concerns about AI data-center construction. Analysts still expect strong growth in Nvidia’s latest quarter.
Nvidia’s forward price-to-earnings ratio has fallen to about 12, its lowest level since 2012, as shares extend their decline from an October record amid leadership uncertainty and data-center concerns.
Shares dropped more than 4% Thursday, leaving them down about 11% for the week and more than 30% from their record set Oct. 6.
The decline comes as Jensen Huang has resigned as Nvidia’s president, CEO and a board member. Chief Financial Officer Colette Kress is serving as interim CEO while the board searches for a permanent successor. Investors are also concerned that construction of AI data centers may slow.
Analysts expect revenue in Nvidia’s third quarter of fiscal 2027, which ended Oct. 25, to increase 92% from a year earlier. They forecast net income above $60 billion, up 89% year over year.
Nvidia is scheduled to release its results Tuesday, Nov. 17, at about 4:20 p.m. ET. The company’s earnings call is scheduled for 5 p.m. ET.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.