đš $NVDA warning signals flashing despite monster earnings
Forward P/E collapsed from 25x (May) â sub-17x now. That's a 50% valuation haircut in 2025.
The irony? Revenue still printing. But two things killing the multiple:
1. Memory chip costs exploding â margin compression incoming
2. Became "the AI stock" â now a macro sentiment proxy. When AI hype cools, $NVDA bleeds first
Classic bull market trap: fundamentals â but narrative shift = price death
If you're long, watch HBM pricing. If you're short, this valuation reset might already be priced.
Forward P/E collapsed from 25x (May) â sub-17x now. That's a 50% valuation haircut in 2025.
The irony? Revenue still printing. But two things killing the multiple:
1. Memory chip costs exploding â margin compression incoming
2. Became "the AI stock" â now a macro sentiment proxy. When AI hype cools, $NVDA bleeds first
Classic bull market trap: fundamentals â but narrative shift = price death
If you're long, watch HBM pricing. If you're short, this valuation reset might already be priced.