Story · Nvidia
NVIDIA is the Cheapest It’s Looked in Over 7 Years — The Market’s Dead Wrong to Price Peak Growth
NVIDIA (NVDA) shares are trading at their lowest valuation in seven years, with a forward P/E of 23.2x, despite the company's next-generation Rubin and Vera architectures indicating continued growth. The article argues the market is incorrectly pricing NVIDIA as a peak-growth GPU vendor, while the company's 75% gross margins and potential pivot to a physical AI and agentics ecosystem suggest sustained profitability. Notable investor Duan Yongping of H&H International Investment added a large position in Q1 2026, betting against fears that hyperscaler custom silicon will displace NVIDIA. The stock is 12% off its all-time highs, and the author believes long-term investors will be rewarded as CEO Jensen Huang continues to innovate.
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