Considering the annual earnings per share from the previous fiscal period, the current stock price seems to be fluctuating within a reasonable range. Currently, the PE is around 38 times. If this year's annual earnings per share reaches 4 dollars, the calculation indicates that even at a PE of 38, it would amount to 152 dollars. For the high-growth NVIDIA, a PE of 38 is not an excessively high figure, and historically, it is a quite low figure. Considering that the past PE has hovered between 40 and 50 times, it might be better to think that the downside from here is limited. Even if it were to be sold down to a PE of 30, the stock price would be 90 dollars based on last year's annual earnings per share; if this year's annual earnings per share is 4 dollars, then it would be 120 dollars. Moreover, achieving this year's annual earnings per share of 4 dollars is a number that can be realized under any circumstance. In reality, the performance will likely exceed that. Even if you take into account the increase in the number of shares in circulation due to the 10-for-1 stock split, it can be said that the current stock price is at an excessively low level.