Before you say it - yes we know the chip giant's stock just surged on tariff relief rumors - but that’s like a dead cat bounce.

But the stock looks even cheaper on a forward basis. Wall Street's consensus estimate (provided by Yahoo! Finance) suggests Nvidia will deliver $4.42 in EPS during the current fiscal year 2026, placing its stock at a forward P/E ratio of 23.9:

Nvidia Corporation's growth is fueled by AI investments, strategic U.S. manufacturing expansion, and partnerships. Click to read my NVDA stock update.