The semiconductor stock has a forward multiple of price to earnings that’s 41% below where it was the day that ChatGPT made its debut in late 2022, noted Melius’ Ben Reitzes. That comes against the backdrop of a 788% rise in Nvidia’s NVDA net income for fiscal 2025 relative to fiscal 2023 levels.

Nvidia (NVDA) shares are taking another hit today as last week’s losses spill over. This is due to concerns about artificial intelligence

Nvidia stock was sliding on Monday as investors’ recession fears overshadowed more signs that demand for the artificial-intelligence chip maker’s products remains sky-high. Shares slipped 1.9% to $110.

Nvidia stock has soared 1,500% over the past five years thanks to the company’s leadership in the artificial intelligence market -- and valuation has climbed too. But in recent weeks, concerns about the economy have halted the momentum.