After a $1 trillion wipeout, is Nvidia ready for a comeback?

Nvidia has lost nearly $1 trillion in market value over the past two months as investors reassess AI-related stocks, pushing its forward P/E multiple to a multi-year low. Despite the steep correction, the company continues to report record revenue and industry-leading margins, with some brokerages upgrading the stock to a buy on the view that the sell-off is overdone. Investors are watching upcoming earnings, the rollout of the next-generation Rubin platform, and rising competition from custom AI chips developed by major cloud companies as key catalysts.