Jensen Huang doesn't talk much about other companies' stocks.


But he said it clearly this time:
"I think the market is wrong."

And the company he's defending is ServiceNow.
The stock dropped from $280 to $101 in just a few months.
A loss of over 60% from the peak.

And the revenue?
It continues to grow quarter after quarter.
The company has not stopped growing since 2017.
As for the P/E ratio, that's another story.
It was 143x in 2018.
Then 129x in 2022.
Then 84x in 2025.
And today, only 27x.

The lowest valuation the company has seen in nine full years.
And at the moment when its operating growth reaches its peak.

The price tells one story, and the revenue tells a completely different story.
And when the gap between the two widens, one of them is definitely lying.

Jensen bets that the market is the one lying.
So, which story will you believe?

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