Nvidia Holds Near $201 as 7-Year Low Valuation Draws Buyers

Nvidia shares continue consolidating near the $201 level through late June after repeated tests of support above $200. The stock spiked 3.4% to $212.15 on June 15 on U.S.-Iran peace hopes before resuming range-bound trade. Despite Q1 revenue of $81.6 billion (+85% YoY) and data-center sales of $75 billion (+92%), shares have risen only 4-8% year-to-date amid skepticism over hyperscaler AI capex durability. Valuation has compressed to roughly 23x forward earnings, the lowest in seven years, while the company plans more than $97 billion in 2026 capital returns. Analysts increasingly frame the pullback as a buy-the-dip opportunity rather than a fundamental breakdown.