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Nvidia’s valuation dips as record quarter offsets renewed stock pullback
After a nearly 4% drop on July 29, Nvidia trades at its lowest valuation since 2019, despite first-quarter revenue of $81.6 billion and confirmed orders of about $1 trillion through 2027.
Nvidia’s shares fell nearly 4% on July 29, marking the company’s third sharp pullback in a week, and pushing its valuation to the lowest level since 2019 even after it posted a record quarter, according to Yahoo Finance.
In fiscal first quarter 2027, Nvidia reported $81.6 billion in revenue, up 85% year over year, and said it has roughly $1 trillion in confirmed orders for its Blackwell and Vera Rubin chips through 2027. The company also expects hyperscaler AI spending to keep rising toward $3 trillion to $4 trillion a year by the end of the decade.
Nvidia is also expanding beyond its traditional training focus, with the Vera server CPU targeting a $200 billion market and an expectation of $20 billion in Vera revenue in the current fiscal year. On the inference side, Yahoo Finance notes a deal with Groq announced in late 2025 added language processing units for the decoding stage of AI inference.
Valuation comparisons versus Advanced Micro Devices show a wide gap, with Nvidia trading at about 22 times forward earnings versus roughly 67 times for AMD. The article also cites the competitive and financing backdrop, including reported talks about Nvidia guaranteeing as much as $250 billion in data center lease payments tied to OpenAI’s use of a SoftBank facility, alongside up to $350 billion in GP funding.