NVIDIA and Broadcom See Multiples Fall Despite Stock Price Gains
NVIDIA's price-to-earnings multiple has fallen 48% and Broadcom's multiple has also dropped over the past year, reflecting investor caution and increased discounting of future cash flows despite higher overall stock prices.
“Take NVIDIA, for example, whose price-to-earnings multiple has fallen 48% since last year. That means that investors are worried about something.”
Ed Elson
Heard on Prof G Markets — “The AI Bubble Isn't Where You Think It Is”, published Saturday, October 24, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.