Nvidia and Peers Look Undervalued Amid Weak Sentiment

Nvidia's stock is considered "relatively cheap" by Deutsche Bank analysts, trading at 16 times its projected earnings for 2027, which is 45% below its historical median. Other chipmakers like Broadcom, AMD, and Marvell Technology also have low valuation multiples, making them attractive to investors. However, some semiconductor equipment makers like KLAC, ASML, and Applied Materials are considered "expensive" and trade at a premium to their counterparts.