Nvidia Stock Stays at 12x 2029 EPS as AI Demand Fears Linger

Nvidia shares remain under pressure, up just 4% year-to-date and down 17% from their May peak despite robust fundamentals. The latest articles highlight ongoing investor skepticism over AI profit durability even as Q1 FY2027 revenue surged 85% to $81.6 billion. Developments this week reinforced Nvidia’s ecosystem strength through the 30,000-member EverGreen alumni network, Elon Musk’s endorsement of closed-loop 45°C cooling that cuts on-site water use to near zero, and DSX architecture details. AMD posted 37.9% revenue growth but trades at 97 times forward earnings versus Nvidia’s 21 times, underscoring valuation divergence.