Why Nvidia Stock Lost 13% in March @themotleyfool #stocks $NVDA

Why Nvidia Stock Lost 13% in March @themotleyfool #stocks $NVDA

Here's why Nvidia stock fell 13% in March

The Nvidia (NASDAQ: NVDA) stock price has been sliding since the start of the year. In March it dropped 13%. And we’re now looking at a 28% decline since a 52-week high set in early January. It’s had one remarkable effect. The forecast Nvidia price-to-earnings (P/E) ratio for the current year has fallen as low as 25. And earnings growth forecasts could drop it even further by 2028, as low as 17. That’s the kind of valuation that wouldn’t be out …

Nvidia stock is 'too expensive' despite record growth — When to buy

Despite Nvidia's meteoric rise, the stock may be overpriced.