Nvidia Corp.'s valuation has dropped by 41% from its peak in November 2022, following the launch of ChatGPT, with the stock declining over 16% in 2025 despite strong Q4 earnings. The AI leader's forward price-to-earnings (P/E) ratio now stands at 24.27, which is significantly lower than its five-year average of 40x and even below several consumer stocks such as Estée Lauder at 33.5x, Walmart at 32.8x, and Starbucks. Analysts and market observers are questioning whether this drop presents a buying opportunity. Nvidia's stock is currently trading at a discount to its historical valuation, and technical indicators suggest potential for a rebound. The stock has shown signs of strength, recently increasing by 3.6% to reach $120, and is approaching key resistance levels between $120 and $122. It has also risen 15% since a recent selloff, with the upcoming GTC event next week potentially influencing its trajectory.