Despite its revenue growing at record speeds, Nvidia (NASDAQ: NVDA) is now trading near its lowest valuation since the start of the artificial intelligence (AI) boom.Indeed, the chipmaker’s revenue grew 65% last year, but the stock, trading at $117.24 at the time of writing on March 27, 2026, enjoys a price to earnings ratio (P/E) of roughly 35x.For comparison, in September last year, it stood at 53x, while in late summer 2023, it at one point sat at 163x.Nvidia price to earnings ratio. Source: TrendSpider ...