Why Nvidia at 13 Times Expected Earnings Still Isn't Cheap
Rich Duprey argues in 247wallst.com that Nvidia at 13 times expected earnings still isn't cheap, because the multiple depends on fiscal 2028 forecasts holding up while Nvidia's financing of AI labs and rising supply commitments raise valuation risk. The stock trades at $186.64, fell 21.4% in a month, and its fiscal third-quarter report due later in November will test revenue guidance of $108.0 billion and a 74.0% gross margin.
