Nvidia PE falls to 14-year low, but CEO exit and AI worries cloud the bargain
· Business · Economic Times, Reuters
Nvidia shares are trading at 12 times expected earnings, marking the company's lowest valuation since 2012. The stock declined over 5% on Thursday and has fallen roughly 12% this week following the resignation of CEO Jensen Huang. Huang's departure follows reports of personal scandals, including allegations involving a Chinese spy. Chief Financial Officer Colette Kress has been appointed as interim CEO while the company searches for a permanent successor. Investors are now questioning whether Nvidia's growth trajectory can be sustained without Huang, despite analysts maintaining strong profit forecasts.
Why it matters
The leadership vacuum at a central player in the global AI hardware market creates significant uncertainty for investors and the broader technology sector that relies on Nvidia's GPU supply.
Read the original report — Economic Times
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