P/E ratio dropped on Monday to its lowest level since August 2019.

Depending on how you look at it, Nvidia Corp.’s stock can be seen as quite cheap, according to a Melius Research analyst.

Demand for Nvidia's chips has been so strong that its revenue and profit have soared, taking the stock to arguably stratospheric levels. Nvidia's (NVDA) stock price rallied 171% in 2024 alone, raising big questions about whether the company's valuation,

Nvidia stock fell on Monday despite more signs that demand for the chip maker’s artificial-intelligence products remains high. Shares dropped 5.1% to $106.98, their lowest close since Sept. 9, according to Dow Jones Market Data.

Investors appear worried about the health of AI spending. But big AI customers don’t seem hesitant, an analyst notes.