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Nvidia stock drops 22%, Jim Cramer calls it the cheapest in a decade

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06 Nov 2026, 02:09 WIB
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Nvidia stock drops 22%, Jim Cramer calls it the cheapest in a decade

Nvidia's stock fell 22% over the past month, hitting a decade-low valuation multiple of around 16.5, according to Jim Cramer. Despite the drop, Nvidia's earnings estimates for fiscal 2027 and 2028 suggest strong growth, with analysts expecting EPS to rise significantly. Cramer argues the stock is undervalued and highlights Nvidia's ongoing buyback program and robust revenue growth, especially in data centers. Investors remain cautious due to margin pressures, heavy investments in AI, and geopolitical risks, with Nvidia's upcoming earnings report seen as a key test for its valuation.

Nvidia's stock price at USD 182.63 as of Nov 06, 2026, is closer to its 52-week low of USD 165.17 than its high of USD 239.27, reflecting the recent sharp decline mentioned in the news. On Pluang, the stock is down 8.74% in one day, showing continued volatility. Despite this, the market cap remains substantial at $4.83 trillion, and investor activity is nearly balanced with 49% selling and 51% buying, indicating mixed sentiment among traders.

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