Nvidia's Market Value Evaporates $1 Trillion in Less Than Two Months, PE Falls to 18x

According to Odaily, Nvidia's market capitalization has shed $1 trillion in less than two months as of early July 2026. The company's forward 12-month price-to-earnings ratio has declined to 18 times, reverting to valuations seen before the artificial intelligence boom.

In broader markets, U.S. stock index futures fell sharply: Dow futures dropped 0.86%, S&P 500 futures slid 0.61%, and Nasdaq-100 futures declined 0.86%. Meanwhile, oil prices surged on geopolitical developments, with WTI crude rising 4.73% to $73.77 per barrel and Brent crude climbing 4.80% to $77.72 per barrel after Trump stated the U.S.-Iran memorandum of understanding was terminated.