Nvidia Stalls at $190 as Earnings Loom

Nvidia stock stalls near $190 despite low valuation, with earnings posing a key risk.

  • NVIDIA stock has been stagnant near the $190 price level for the last two months, signaling stalled growth.
  • The company trades at less than 24 times forward earnings, near its lowest P/E multiple in five years and well below its peer group.
  • Wall Street analysts warn that even strong Q4 earnings results on February 25 could trigger a stock price drop.

Rising concerns over Nvidia‘s valuation are mounting as NVDA stock remains stalled at the $190 mark. This stagnation comes despite the company’s stellar growth fueled by the AI boom over the past two years. However, that momentum notably stalled in the back half of 2025.

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Consequently, the stock now trades at less than 24 times estimated forward earnings. This valuation is not far from its lowest price-to-earnings multiple in five years, per S&P Global. Furthermore, it sits well below both its five-year average and the valuations of its Big Tech peers.

Meanwhile, Wall Street analysts have raised specific concerns ahead of the critical fiscal 2025 Q4 earnings report on February 25. The consensus expects revenue of $65.6 billion and earnings of $1.52 per share, both representing year-over-year growth of roughly 71%. However, some analysts predict the stock will drop even if these numbers are beaten.

In the end, the earnings day presents a pivotal moment for the Nvidia stock trajectory. Wall Street maintains high expectations while acknowledging the stock appears cheap. Any miss, however, could lead to significant downside pressure, with some analyst ratings suggesting a potential fall to $140.

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