Nvidia's Forward PE Drops to 7-Year Low at 18x, Trading 30-35% Below Tech Peers

NVDA3.66%
MSFT-1.48%
AMZN-0.97%
META-2.03%
According to Bank of America Securities on July 9, Nvidia's forward price-to-earnings ratio fell to 18x, a 7-year low, trading at a 30-35% discount to the average valuation of major tech peers like Apple, Microsoft, Google, Amazon, and Meta. The bank argues the market's pricing implies a 30-35% EPS decline for Nvidia in 2027-2028, a view it calls unfounded. BofA maintained its buy rating with a $350 price target, implying over 70% upside from current levels.
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