Is Nvidia stock today undervalued after the pullback?

On trailing numbers, NVDA is not cheap at 45.9x TTM earnings and 24.1x sales. Wolfe argues shares near ~25x forward earnings look compelling given AI demand. We think the reset improves risk‑reward versus peak sentiment, but direction still hinges on earnings, Rubin updates, and hyperscaler capex.

What did the Wolfe Research rating highlight?

Wolfe reiterated Outperform and pointed to a compelling valuation after the reset, durable AI demand, and pricing tailwinds as Rubin/Rubin Ultra ramp. The call suggests Nvidia can defend margins and revenue per unit while hyperscaler and enterprise AI spending remains strong, supporting the platform transition and long-term growth.

How could Rubin Ultra pricing affect margins and growth?

Higher configuration prices and richer software attach can lift average selling prices and support gross margin. If supply scales and demand stays firm, Rubin Ultra pricing could extend revenue growth even as prior platforms age. Execution on timelines, yield, and networking availability will be key to realizing that benefit.

What risks could pressure Nvidia stock today?

Key risks include weaker hyperscaler budgets, competitive accelerators, supply or networking bottlenecks, regulatory limits, and margin pressure if pricing softens. Near term, guidance disappointment or delays to Rubin could reset estimates. Volatility is also high, with ATR near $5.30, so sharp moves around earnings are possible.

Global Market Insights

NVDA Stock Today: Wolfe Reiterates Outperform as Valuation Resets – February 08

ByDanny Kontos February 9, 2026February 9, 2026

Nvidia stock today is in focus after Wolfe Research reiterated Outperform and said valuation looks compelling as shares reset. Nvidia (NVDA) closed at $185.41, up 7.87%, with market cap near $4.51 trillion. Wolfe highlights shares trading around ~25x forward earnings, pricing tailwinds from Rubin/Rubin Ultra, and a firm AI spending backdrop. With earnings due Feb. 25, 2026, we review what’s driving Nvidia stock today, where valuation stands, and the key technical and fundamental markers that matter next.