To The Moon

$NVIDIA(NVDA)$ Is $NVIDIA(NVDA)$  cheap to buy now? Yes — NVIDIA (NASDAQ: NVDA) is looking considerably cheaper than it was a few months ago. I would consider it a buy at current levels, particularly for a 2–3 year investment horizon. However, I would buy in stages rather than commit all your capital immediately.

There is an interesting valuation opportunity emerging.

1. Current valuation

NVIDIA (NVDA)

US$175–177

9 November 2026 market data; approximate

Metric Current indication

Market cap ~$4.2–4.3 trillion

Trailing P/E ~22x

Forward P/E ~14–15x

Revenue growth ~83%

Net income growth ~123%

52-week range $164–243

Sources: StockAnalysis.com +2

The forward P/E is particularly interesting. At approximately 14–15 times forecast earnings, NVIDIA is no longer priced as aggressively as many investors might expect from a company growing at this rate.

However, remember that forward P/E relies on analysts’ earnings forecasts actually materialising.

2. Why has NVIDIA become cheaper?

The recent decline reflects several concerns:

* AI spending sustainability: Investors are questioning whether Microsoft, Amazon, Google and other hyperscalers can generate sufficient returns from their enormous AI infrastructure investments.

* Capital expenditure: Data-centre construction and financing costs are becoming increasingly important.

* Market sentiment: Investors are taking profits from highly valued AI-related stocks.

* Earnings expectations: Even excellent results might not be enough if the market expects something extraordinary.

The interesting point is that earnings forecasts have remained relatively resilient despite the share-price decline. tradingkey.com +1

3. My proposed buying strategy

I would use the following indicative entry zones rather than trying to catch the exact bottom.

NVDA price Action Allocation

$170–177 Initial purchase 30%

$160–165 Add 30%

$150–155 Add more 25%

Below $145 Reassess fundamentals 15%

These are my proposed accumulation levels, not guaranteed technical support levels.

Start with a small position around the current price, then preserve cash for further weakness.

4. Important upcoming catalyst

NVIDIA’s next confirmed earnings date is 17 November 2026. StockAnalysis.com +1

This is important because I would like to see:

* Data-centre revenue continuing to grow.

* Gross margins remaining healthy.

* Strong forward guidance.

* Continued demand for Blackwell and newer AI infrastructure.

* No meaningful deterioration in hyperscaler spending.

I would avoid putting the entire intended investment in before earnings.

5. How I would approach this given your portfolio

You already have substantial exposure to AI and semiconductor-related stocks, including ASML, SMCI, Marvell, Credo and others.

I would therefore distinguish between buying a quality company and increasing concentration risk.

My preference:

* NVDA: Add as a core AI holding.

* SMCI: Be more selective because of its higher execution and business risks.

* MRVL: Keep your existing recovery strategy rather than averaging down indiscriminately.

* ASML: Continue treating it as a separate semiconductor equipment investment.

I would favour adding NVIDIA over adding more speculative AI names, but I wouldn’t sacrifice too much diversification to do it.