Nvidia is trading at its cheapest price-to-earnings multiple since before ChatGPT kicked off the AI boom, as global equities tumble on deepening worries about war in the Middle East. The geopolitical-driven selloff is driving risk-off flows and compressing valuations broadly, increasing near-term market volatility while making AI-exposed names like Nvidia appear cheaper on a valuation basis.
Nvidia is trading at its cheapest price-to-earnings multiple since before ChatGPT kicked off the AI boom, as global equities tumble on deepening worries about war in the Middle East. The geopolitical-driven selloff is driving risk-off flows and compressing valuations broadly, increasing near-term market volatility while making AI-exposed names like Nvidia appear cheaper on a valuation basis.
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mildly negative
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