Nvidia's trailing PE ratio has dropped to 31, its lowest in 7 years, as record earnings compress valuations despite the stock trading near all-time highs.

Nvidia's forward P/E ratio has dropped to 18x, its lowest since 2019, after shedding $1 trillion in market cap. What it means for crypto capital rotation.

Nvidia stock is cheap compared to peers for an analyst using forward price-to-earnings estimates.