AI
C3.ai, Inc.
AI's outlook is improving, though it still trails on the overall score.
NVDA
NVIDIA Corporation
NVDA has the edge over AI overall, supported by stronger fundamentals and stronger valuation.
AI Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Weak | |
| Unavailable |
AI's revenue, profitability and cash flow are currently weak. There isn't enough data to rate its balance sheet.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
AI PE Valuation
AI has no meaningful PE right now: it lost money over the past year.
NVDA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $166 | — |
| Current | 21x | $166 | — |
| Cheap | 44x | $345 | +108% |
| Fair | 65x | $511 | +207% |
| Expensive | 93x | $734 | +342% |
Historical ranges are pointers, not guarantees.
NVDA's PE is in its cheap range at 21x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
AI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect AI's losses to shrink, with revenue holding steady.
NVDA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for NVDA, but weaker profitability.
AI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.09 | -$0.49 |
| Q2 2026 | -$3.35 | -$1.11 |
| Q1 2026 | -$3.15 | -$0.92 |
| Q4 2025 | -$2.83 | -$0.62 |
| Q3 2025 | -$2.60 | -$0.32 |
| Q2 2025 | -$2.24 | +$0.10 |
| Q1 2025 | -$2.23 | +$0.10 |
| Q4 2024 | -$2.21 | +$0.09 |
AI lost $3.09 per share over the past year, a bigger loss than the year before.
NVDA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.77 | +74% |
| Q3 2026 | $7.91 | +125% |
| Q2 2026 | $6.53 | +111% |
| Q1 2026 | $4.90 | +67% |
| Q4 2025 | $4.03 | +59% |
| Q3 2025 | $3.51 | +65% |
| Q2 2025 | $3.10 | +81% |
| Q1 2025 | $2.94 | +147% |
| Q4 2024 | $2.54 | +234% |
NVDA has the edge over AI on earnings quality, reporting a profit while its opponent remains loss making.
AI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $52.4M | -25% |
| Q2 2026 | $51.6M | -53% |
| Q1 2026 | $53.3M | -46% |
| Q4 2025 | $75.1M | -20% |
| Q3 2025 | $70.3M | -19% |
| Q2 2025 | $108.7M | +26% |
| Q1 2025 | $98.8M | +26% |
| Q4 2024 | $94.3M | +29% |
AI's revenue has slid since its 2025 peak: $52M last quarter, down 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -188% | -10 points |
| Q2 2026 | -235% | -153 points |
| Q1 2026 | -264% | -175 points |
| Q4 2025 | -149% | -69 points |
| Q3 2025 | -178% | -94 points |
| Q2 2025 | -82% | +13 points |
| Q1 2025 | -89% | +17 points |
| Q4 2024 | -80% | +29 points |
AI's operating margin was −188% last quarter, down 10 points from the same quarter a year ago, near the bottom of its range since 2019.
NVDA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $96.2B | +106% |
| Q2 2026 | $81.6B | +85% |
| Q1 2026 | $68.1B | +73% |
| Q4 2025 | $57B | +62% |
| Q3 2025 | $46.7B | +56% |
| Q2 2025 | $44.1B | +69% |
| Q1 2025 | $39.3B | +78% |
| Q4 2024 | $35.1B | +94% |
NVDA has the edge over AI on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 66% | +5.4 points |
| Q2 2026 | 66% | +17 points |
| Q1 2026 | 65% | +3.9 points |
| Q4 2025 | 63% | +0.8 points |
| Q3 2025 | 61% | -1.2 points |
| Q2 2025 | 49% | -16 points |
| Q1 2025 | 61% | -0.5 points |
| Q4 2024 | 62% | +4.9 points |
NVDA has the edge over AI on profitability, with a higher operating margin.
AI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.1M | +$36.4M |
| Q2 2026 | -$54.8M | -630% |
| Q1 2026 | -$56.2M | -$33.8M |
| Q4 2025 | -$46.9M | -$7.4M |
| Q3 2025 | -$34.3M | -582% |
| Q2 2025 | $10.3M | -45% |
| Q1 2025 | -$22.4M | +$22.8M |
| Q4 2024 | -$39.5M | +$14.4M |
AI has burned cash in most quarters: −$156M over the past year, against −$86M the year before.
NVDA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $21.4B | +59% |
| Q2 2026 | $48.6B | +86% |
| Q1 2026 | $34.9B | +124% |
| Q4 2025 | $22.1B | +32% |
| Q3 2025 | $13.5B | -0.3% |
| Q2 2025 | $26.2B | +75% |
| Q1 2025 | $15.6B | +38% |
| Q3 2024 | $13.5B | +113% |
NVDA has the edge over AI on cash generation, producing positive trailing cash flow while its opponent burns cash.
AI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +10% | +14.5M shares |
| 1 year | +14% | +19.6M shares |
| 3 years | +34% | +39.3M shares |
| 5 years | +52% | +52.8M shares |
AI has 155M diluted shares, up 14% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2023 | — |
| Q2 2022 | $15M |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
NVDA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -106M shares |
| 1 year | -1% | -247M shares |
| 3 years | -2.8% | -705M shares |
| 5 years | -4.1% | -1B shares |
| Available history | -1.8% | -435M shares |
NVDA has the edge over AI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $19.7B |
| Q2 2026 | $19.3B |
| Q1 2026 | $3.8B |
| Q4 2025 | $12.5B |
| Q3 2025 | $9.7B |
| Q2 2025 | $14.1B |
| Q1 2025 | $7.8B |
| Q4 2024 | $11B |
NVDA spent $55.3B buying back its own shares over the past year, up 30% from the year before.
AI Net Leverage
AI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
NVDA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.0x | Very low |
| Q4 2024 | -0.0x | Net Cash |
NVDA's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
AI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.9 | Neutral |
| Stochastic | 70.9 | Neutral |
AI's weekly RSI is 59 (neutral) and its Stochastic is 71 (neutral).
NVDA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.4 | Neutral |
| Stochastic | 18.1 | Oversold |
NVDA's weekly RSI is 33 (neutral) and its Stochastic is 18 (oversold).
AI PE vs Technology Sector
AI has no meaningful PE right now: it lost money over the past year.
NVDA PE vs Technology Sector
| Metric | NVDA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 25% below |
| PE % | 0 | 35 | 35 pts below |
NVDA is trading at 21x earnings, a 25% discount to the Technology sector's median of 28x.
AI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.6 | 4.3% above |
| 20 week MA | $10.5 | 15% above |
| 50 week MA | $10.6 | 14% above |
| 100 week MA | $16.9 | 29% below |
| 200 week MA | $22.3 | 46% below |
AI has the edge over NVDA on trend strength, trading above more of its moving averages.
NVDA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $208.9 | 20% below |
| 20 week MA | $212.0 | 22% below |
| 50 week MA | $199.9 | 17% below |
| 100 week MA | $175.1 | 5.1% below |
| 200 week MA | $123.6 | 34% above |
NVDA has fallen below most of its moving averages, though it's still 34% above its 200-week average.
AI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $119.6 | $161.0 | +35% |
| 2021 | $161.0 | $34.3 | -79% |
| 2022 | $34.3 | $10.9 | -68% |
| 2023 | $10.9 | $28.7 | +163% |
| 2024 | $28.7 | $35.7 | +24% |
| 2025 | $35.7 | $14.0 | -61% |
| 2026 YTD | $14.0 | $12.1 | -14% |
AI's yearly returns have swung widely, from +163% in 2023 to −79% in 2021. It's down 14% so far in 2026.
NVDA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.92 | $13.0 | +119% |
| 2021 | $13.0 | $29.6 | +128% |
| 2022 | $29.6 | $15.2 | -49% |
| 2023 | $15.2 | $49.5 | +226% |
| 2024 | $49.5 | $137.0 | +177% |
| 2025 | $137.0 | $190.5 | +39% |
| 2026 YTD | $190.5 | $166.2 | -13% |
NVDA has the edge over AI on returns for 2026, with the stronger performance.