Nvidia’s P/E Falls to 24; Invests $2B in Nebius, Chips Power 220k-Unit SpaceX Deal
NVDA’s forward P/E hit 24 on a $4.8T market cap, capping downside risk to a mild 20% pullback if AI build-out slows. Nvidia invested $2B in Nebius Group, whose shares surged 57%, and AI chips power the SpaceX-Anthropic deal with 220,000 units, highlighting chip demand.
1. Downside Risk if AI Growth Slows
Nvidia’s forward P/E multiple has declined to 24 on a $4.8 trillion market cap, reflecting tempered growth expectations. Analysts estimate that a cyclical slowdown in AI infrastructure build-out could trim the stock by up to 20%, but valuation strength suggests limited downside.
2. $2 Billion Investment in Nebius Group
In March 2026 Nvidia committed $2 billion to Nebius Group, a neocloud AI data-center provider, fueling a 57% rally in its shares. The deal underpins Nvidia’s strategy to secure cloud partnerships and extend its AI ecosystem footprint.
3. Chips Fuel SpaceX-Anthropic Partnership
Nvidia’s AI accelerators will supply 220,000 units to SpaceX’s Colossus 1 data center for Anthropic’s Claude platform. This allocation underscores continued demand for Nvidia’s chips in hyperscale AI deployments.