Cointime reports: Nvidia’s forward price-to-earnings ratio has fallen to about 12 times, its lowest level since 2012, as the stock dropped more than 4% on Thursday and about 11% for the week, leaving it more than 30% below its October 6 record high. CFO Colette Kress is serving as interim CEO while the company searches for a permanent successor to Jensen Huang. Nvidia reports earnings next Tuesday, with investors focused on Kress’s guidance.
Nvidia forward P/E falls to 14-year low as shares drop over 30% from record high
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