Nvidia's trailing 12-month price-to-earnings ratio dropped to 36.4 times on Monday, according to data from YCharts. The decline has been driven by a sharp price decline in Nvidia's stock, which finished Monday down 30% from its intraday record high reached in early January.

GTC 2025 conference is less than a week away, and investors are anticipating a catalyst for its struggling stock could be coming. That optimism helped shares jump as much as 7.4% today. Even so, Nvidia shares have lost more than 15% so far this year,