Nvidia Rebounds 3.69% on July 8 Amid 11-Year Low Valuation and China Sales Hopes

According to Chosun Ilbo, Nvidia shares rebounded on July 8, rising 3.69% to $204.20 on U.S. markets following a two-month decline. The stock's forward price-to-earnings ratio (PER) reached 18.69 times, marking its lowest level in 11 years, according to MarketWatch data, compared to a 10-year average of 36.9 times. Bank of America analyst Vivek Arya called the current price an "enhanced buying opportunity," while Goldman Sachs maintained its $285 price target.

The rebound was also driven by expectations that China may partially ease restrictions on Nvidia's H200 GPU sales to major AI firms including Alibaba and ByteDance. Reuters and Disinformation reported that approved volumes would remain under 200,000 units and limited to training applications, but even partial reopening of the previously blocked Chinese market boosted investor sentiment.