Nvidia Stock Is Now Cheaper Than a Toilet-Paper Company, Data Shows
Nvidia's forward P/E fell to 15.2x, below Kimberly-Clark's 15.5x. The AI chipmaker now trades cheaper than 22 of 33 consumer staples stocks.
Nvidia's stock price got cheaper compared to what people expect it to earn. When a big tech company trades cheaper than everyday product makers, it might mean the market thinks tech stocks are less risky right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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