Nvidia Is Cheaper Today Than on ChatGPT's Launch Day

$NVIDIA(NVDA)$ is up 9.8x since ChatGPT launched on November 30, 2022.

But here's the surprising part: measured against revenue, Nvidia is actually cheaper today than it was back then.

📊 Look at the numbers:

November 30, 2022: Nvidia traded at 14.6x trailing 12-month revenue.
July 2023: The multiple peaked at 45x as the stock price ran far ahead of reported revenue.
Since then: Trailing revenue has grown more than 10x, from $28.6B to $303B.
Today: The multiple has compressed to 13.2x, its lowest level since January 2023.

In other words, Nvidia's stock has surged nearly 10-fold, but its revenue has expanded even faster relative to its valuation.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":629169821950136,"tweetId":"629169821950136","gmtCreate":1794646622740,"gmtModify":1794646631370,"author":{"id":9000000000000725,"idStr":"9000000000000725","authorId":9000000000000725,"authorIdStr":"9000000000000725","name":"AfraSimon","avatar":"https://static.tigerbbs.com/46d30a827da942c1b0307f51e832534e","vip":8,"userType":8,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Published at least 3 PICK posts (or 10 IDEA posts) and, within the past 30 days, posted at least 1 PICK post (or 4 IDEA posts) and 1 comment","bigImgUrl":"https://community-static.tradeup.com/news/0641f4c5fa60c48f6d3ce6febffedc88","smallImgUrl":"https://community-static.tradeup.com/news/1e30711ea2bab5f411df0be106fc0244","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.11.15","individualDisplayEnabled":1,"backgroundColor":{"dark":"#2f2a1f","tint":"#fcf6e5"},"fontColor":{"dark":"#dea95e","tint":"#885600"}}],"wearingBadges":[{"categoryType":2007,"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","name":"Star Contributor","description":"Published at least 3 PICK posts (or 10 IDEA posts) and, within the past 30 days, posted at least 1 PICK post (or 4 IDEA posts) and 1 comment","smallImgUrl":"https://community-static.tradeup.com/news/1e30711ea2bab5f411df0be106fc0244","bigImgUrl":"https://community-static.tradeup.com/news/0641f4c5fa60c48f6d3ce6febffedc88","isScarce":1,"plateColors":{"bgColor":{"dark":"#2f2a1f","tint":"#fcf6e5"},"fontColor":{"dark":"#dea95e","tint":"#885600"}},"effectEnabled":0,"redirectLinkEnabled":1,"redirectLinkType":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","redirectLinkValidityFrom":1679961600000,"redirectLinkValidityTo":1996963200000,"validityToTimestamp":1797308402665,"sortingWeight":0,"wearable":1}],"fanSize":1063,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/0cff88324c7b816e989dab769349a84b","width":"505","height":"469"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/0cff88324c7b816e989dab769349a84b","width":"505","height":"469"}],"title":"Nvidia Is Cheaper Today Than on ChatGPT's Launch Day","html":"<html><head></head><body><a data-mention-id=\"NVDA\" class=\"teditor-mention\" data-mention-name=\"NVIDIA\" href=\"https://ttm.financial/S/NVDA\">$NVIDIA(NVDA)$</a> is up 9.8x since ChatGPT launched on November 30, 2022.\nBut here's the surprising part: measured against revenue, Nvidia is actually cheaper today than it was back then.\n<h3 id=\"id_870860658\">📊 Look at the numbers:</h3>\n<ul style=\"\">\n <li>\n November 30, 2022: Nvidia traded at 14.6x trailing 12-month revenue.</li>\n <li>\n July 2023: The multiple peaked at 45x as the stock price ran far ahead of reported revenue.</li>\n <li>\n Since then: Trailing revenue has grown more than 10x, from $28.6B to $303B.</li>\n <li>\n Today: The multiple has compressed to 13.2x, its lowest level since January 2023.</li>\n</ul>\nIn other words, Nvidia's stock has surged nearly 10-fold, but its revenue has expanded even faster relative to its valuation.\n<img src=\"https://community-static.tradeup.com/news/0cff88324c7b816e989dab769349a84b\" tg-width=\"505\" tg-height=\"469\">\n</body></html>","htmlText":"<html><head></head><body><a data-mention-id=\"NVDA\" class=\"teditor-mention\" data-mention-name=\"NVIDIA\" href=\"https://ttm.financial/S/NVDA\">$NVIDIA(NVDA)$</a> is up 9.8x since ChatGPT launched on November 30, 2022.\nBut here's the surprising part: measured against revenue, Nvidia is actually cheaper today than it was back then.\n<h3 id=\"id_870860658\">📊 Look at the numbers:</h3>\n<ul style=\"\">\n <li>\n November 30, 2022: Nvidia traded at 14.6x trailing 12-month revenue.</li>\n <li>\n July 2023: The multiple peaked at 45x as the stock price ran far ahead of reported revenue.</li>\n <li>\n Since then: Trailing revenue has grown more than 10x, from $28.6B to $303B.</li>\n <li>\n Today: The multiple has compressed to 13.2x, its lowest level since January 2023.</li>\n</ul>\nIn other words, Nvidia's stock has surged nearly 10-fold, but its revenue has expanded even faster relative to its valuation.\n<img src=\"https://community-static.tradeup.com/news/0cff88324c7b816e989dab769349a84b\" tg-width=\"505\" tg-height=\"469\">\n</body></html>","text":"$NVIDIA(NVDA)$ is up 9.8x since ChatGPT launched on November 30, 2022. But here's the surprising part: measured against revenue, Nvidia is actually cheaper today than it was back then. 📊 Look at the numbers: November 30, 2022: Nvidia traded at 14.6x trailing 12-month revenue. July 2023: The multiple peaked at 45x as the stock price ran far ahead of reported revenue. Since then: Trailing revenue has grown more than 10x, from $28.6B to $303B. Today: The multiple has compressed to 13.2x, its lowest level since January 2023. In other words, Nvidia's stock has surged nearly 10-fold, but its revenue has expanded even faster relative to its valuation.","highlighted":1,"essential":1,"paper":2,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/629169821950136","repostId":0,"isVote":1,"tweetType":1,"viewCount":133,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["NVDA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":547,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/629169821950136"}