Nvidia Stock Plummets to Lowest Valuation Since 2015 Amid Rising Earnings
Nvidia's stock price has dropped to its lowest valuation since January 2015, trading at about 17 times expected earnings for the next twelve months. This low multiple usually follows a crash, yet the stock rose 1.68% in the September 28, 2026 session to $228.86, about 3% below its fifty-two-week high of $236.54.
The company's forward P/E has fallen due to earnings growth outpacing the rising stock price, an unusual setup for a company valued at $5.53 trillion. Nvidia reported revenue of $57 billion, up 62%, on November 19, 2025, then $68 billion, up 73%, on February 25, 2026.
Jensen Huang stated 'demand has gone parabolic' as revenue reached about $82 billion on May 20, 2026, growth Nvidia put at 85%. The company then posted $96.2 billion, up 106%, on August 26, 2026.