Nvidia’s P/E Drops to 19.6 with 20% Slide, 13,800 GPUs for Paris Data Center
Nvidia’s forward P/E ratio has fallen to 19.6, its lowest since before the AI boom, after a roughly 20% drop from its recent high following a market selloff and AI-spending uncertainty. Demand remains strong as Mistral commits 13,800 Nvidia GB300 GPUs for a 44-MW Paris data center.
1. Valuation Falls to Pre-Boom Levels
Nvidia’s forward P/E ratio has declined to 19.6 after shares fell roughly 20% from their recent high, marking the lowest valuation since before the AI boom accelerated. Despite improving margins and strong profit growth forecasts, a broader market selloff and uncertainty around AI spending have pressured the stock.
2. Surge in GPU Orders from Data Center
Mistral’s commitment of 13,800 Nvidia GB300 GPUs for a new 44-MW data center near Paris underscores sustained demand for Nvidia’s AI chips. The facility is slated to begin operations in Q2 2026, reinforcing Nvidia’s role as a core AI infrastructure supplier.