Nvidia trades at its cheapest valuation in at least a decade

$NVDA is now trading at its cheapest valuation in at least a decade based on the valuation measure referenced in the source.
The compression indicates that Nvidia's valuation multiple has fallen substantially relative to its own historical range even as the company remains a major supplier of AI computing infrastructure.
A historically low multiple can strengthen the valuation case, but future earnings growth, AI demand, competition and capital spending remain critical to determining whether the discount persists.