--- title: "NVIDIA Posts Seven-Day Losing Streak, Longest Since 2022: YTD Percentage Gain of Only 7% Lags Behind, Yet Analysts Raise Earnings Forecasts by 13% in Three Months" type: "News" locale: "en" url: "https://longbridge.com/en/news/296830744.md" description: "NVIDIA's stock price closed lower for seven consecutive trading days, marking its longest losing streak since 2022. The year-to-date cumulative gain is only about 7%, placing it at the bottom of the Philadelphia Semiconductor Index. The forward PE has dropped to around 18x, a recent low, but the normalized PE, excluding unrealized floating gains, approaches 60x. In contrast, only 4 out of 82 Wall Street analysts have non-buy ratings, and earnings forecasts have been cumulatively raised by 13% over the past three months, with the average target price implying over 50% upside potential" datetime: "2026-08-24T21:24:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296830744.md) - [en](https://longbridge.com/en/news/296830744.md) - [zh-HK](https://longbridge.com/zh-HK/news/296830744.md) generator: "portal-rs" --- # NVIDIA Posts Seven-Day Losing Streak, Longest Since 2022: YTD Percentage Gain of Only 7% Lags Behind, Yet Analysts Raise Earnings Forecasts by 13% in Three Months NVIDIA's stock price closed lower for the seventh consecutive trading day, setting the longest losing streak since 2022. On Monday, NVIDIA's stock closed down 2.91%. Year-to-date, NVIDIA's cumulative percentage gain is only about 7%, ranking last among the constituents of the Philadelphia Semiconductor Index, as AI chip spending is being dispersed to a broader range of semiconductor companies. Valuation metrics have also declined in tandem. NVIDIA's forward PE has dropped to approximately 18x, hitting a recent low. Despite robust fundamentals, the market is pricing AI hardware with increasing caution. In contrast to the stock price performance, Wall Street analysts continue to raise their earnings forecasts for NVIDIA, with profit expectations cumulatively increased by 13% over the past three months. The divergence between the stock price and fundamental expectations is the most noteworthy signal in this round of correction. ## Valuation Decline vs. Earnings Quality NVIDIA's forward PE has dropped to approximately 18x, a recent low. The market's cautious pricing of AI hardware reflects investors' ongoing scrutiny of its earnings quality and customer concentration. Previously, NVIDIA's 10-Q filing disclosed that out of approximately $58 billion in net profit, $13.4 billion came from unrealized floating gains on held public equities. Excluding this portion, the normalized net profit corresponds to a PE ratio approaching 60x. The top three customers collectively contributed 54% of revenue. **Despite pressure on the stock price, Wall Street analysts continue to raise NVIDIA's earnings forecasts.** Over the past three months, NVIDIA's profit forecasts have been cumulatively raised by 13%, with projected profits for fiscal year 2027 reaching $228 billion. Among the 82 tracking analysts, only 3 issued Hold ratings and 1 issued a Sell rating. The average target price implies over 50% upside potential. **Fundamentals remain strong.** In fiscal year 2026, NVIDIA's data center business generated $193.7 billion in revenue, with the upstream computing infrastructure base realizing scarcity premiums first. **In terms of capital returns, NVIDIA added an $80 billion share repurchase authorization in the quarter ending in late April, surpassing Apple to become the largest single repurchaser in the U.S. stock market.** Going forward, attention will focus on whether NVIDIA can stabilize after the continuous correction and whether the earnings forecasts continuously raised by analysts can be realized in the stock price. ### Related Stocks - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [NVDB.US](https://longbridge.com/en/quote/NVDB.US.md) - [NVD.US](https://longbridge.com/en/quote/NVD.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [NVDW.US](https://longbridge.com/en/quote/NVDW.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [NVDG.US](https://longbridge.com/en/quote/NVDG.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [NVDO.US](https://longbridge.com/en/quote/NVDO.US.md) - [NVYY.US](https://longbridge.com/en/quote/NVYY.US.md) - [NYYY.US](https://longbridge.com/en/quote/NYYY.US.md) - [DIPS.US](https://longbridge.com/en/quote/DIPS.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [09388.HK](https://longbridge.com/en/quote/09388.HK.md) ## Related News & Research - [Nvidia Q2 Preview: Strong Earnings and Low Valuation Set the Stage for Upside](https://longbridge.com/en/news/296688005.md) - [Nvidia Earnings: Wall Street Expects Growth to Slow in Q2 — Dan Niles Says Hyperscalers Are Spending Like Never Before](https://longbridge.com/en/news/296822352.md) - [Nvidia Stock (NVDA) Ditched By Retail Investors Ahead of Q2 Earnings](https://longbridge.com/en/news/296609730.md) - [Nvidia to use Poolside deal to build alternative to Chinese AI, WSJ says](https://longbridge.com/en/news/296727449.md) - [Nvidia Warns Customers Of Upcoming Price Hikes](https://longbridge.com/en/news/296798848.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**