Nvidia's forward price-to-earnings ratio hits a 14-year low, with its stock price down over 30% from its all-time high.

According to data from the BIT Stock Platform, NVIDIA (NVDA.O)’s share price has plunged recently, with its forward price-to-earnings ratio falling to around 12 times, the lowest level since 2012. After Jensen Huang’s resignation, NVIDIA’s stock dropped more than 4% on Thursday, down roughly 11% for the week, and over 30% from its all-time high set on October 6. Beyond the management shake-up, the market also worries that AI data center construction may slow. Colette Kress, NVIDIA’s chief financial officer, is currently interim CEO, and the company is searching for a permanent successor. Analysts still hold expectations of strong profit growth for NVIDIA, projecting chip demand will continue to outpace supply. The market forecasts NVIDIA’s October-quarter revenue will rise 92% year-on-year, with net profit exceeding $60 billion, up 89% year-on-year. NVIDIA is scheduled to release its earnings report next Tuesday, and investors will closely watch Kress’s comments on the company’s future performance outlook—her guidance is likely to draw more attention than the earnings release itself.