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The Economic Times

Business / The Economic Times

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Nvidia's PE sinks to 7-year low as war and AI angst weigh

Amid global market turmoil over the Middle East conflict, Nvidia trades at its cheapest price-to-earnings multiple since before the AI boom. Shares have fallen nearly 20% from October highs, reflecting broader investor caution. While the drop may signal a bargain, elevated oil prices, inflation fears, and potential interest-rate hikes add uncertainty to the AI-driven rally.

30 Mar 2026 4:02 pm