Nvidia's forward P/E ratio drops to a 14-year low, with its stock price falling more than 30% from its historical high.

BlockBeats news, November 13 - According to data from the BIT stock platform, Nvidia (NVDA.O) shares have recently experienced a significant decline, with its forward price-to-earnings ratio dropping to about 12 times, the lowest level since 2012. Following Jensen Huang's resignation, Nvidia's stock fell more than 4% on Thursday, down about 11% for the week, and has retreated more than 30% from its all-time high set on October 6.

In addition to management changes, the market is also concerned about a potential slowdown in AI data center construction. Nvidia Chief Financial Officer Colette Kress is currently serving as interim CEO, and the company is searching for a permanent successor. Analysts currently still maintain expectations for strong earnings growth at Nvidia, anticipating that chip demand will continue to outpace supply. The market expects Nvidia's October-quarter revenue to grow 92% year-over-year, with net profit exceeding $60 billion, up 89% year-over-year.

Nvidia will report earnings next Tuesday, and investors will focus on Kress's statements about the company's future performance outlook, with her guidance potentially drawing more attention than the earnings report itself.