Nvidia's forward P/E ratio falls to a 14-year low, with shares down more than 30% from their all-time high

Odaily reports: Nvidia (NVDA.O) shares have fallen sharply recently, with its forward P/E ratio dropping to about 12x, the lowest level since 2012. After Jensen Huang's resignation, Nvidia shares fell more than 4% on Thursday, bringing the cumulative decline this week to about 11% and a drop of more than 30% from the all-time high set on October 6. In addition to the management change, the market is also concerned that AI data center construction may slow. Nvidia Chief Financial Officer Colette Kress is currently serving as interim CEO, and the company is searching for a permanent successor. Analysts are still maintaining expectations for Nvidia's strong earnings growth, anticipating that chip demand will continue to outpace supply.

The market expects Nvidia's October-quarter revenue to grow 92% year over year, with net profit exceeding $60 billion, up 89% year over year. Nvidia will report earnings next Tuesday, and investors will focus on Kress's comments on the company's future performance outlook, as her guidance may draw more attention than the earnings report itself.