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Nvidia PE falls to 14-year low, but CEO exit and AI worries cloud the bargain
By one of Wall Street’s favorite metrics, Nvidia shares look like a bargain. Following a steep drop from its October 6 record high, Nvidia’s stock is trading at the equivalent of 12 times expected earnings. That’s its lowest valuation since 2012, when the chipmaker was competing with Advanced Micro Devices to dominate the market for videogame graphics cards while struggling to find a foothold in tablets and other mobile devices. The stock was down more than 5% on Thursday after CEO Jensen Huang resigned, and is down about 12% this week amid a scandal over reports of his extramarital affairs, i...
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