NVDA
NVIDIA Corporation
NVDA's fundamentals are strong and it looks cheap: trading at 21x earnings, about a third of its usual 65x. Analysts expect strong earnings growth.
SLNH
Soluna Holdings, Inc.
There isn't enough reported data to score SLNH yet.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
SLNH Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Strong |
SLNH's revenue and balance sheet are currently strong, but its profitability and cash flow are under pressure.
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.
SLNH PE Valuation
SLNH has no meaningful PE right now: it lost money over the past year.
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.
SLNH Forward outlook
There aren't enough analyst estimates for SLNH to show an outlook.
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 SLNH on earnings quality, reporting a profit while its opponent remains loss making.
SLNH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$2.21 | +$5.92 |
| Q1 2026 | -$2.72 | +$7.69 |
| Q4 2025 | -$3.36 | +$8.79 |
| Q3 2025 | -$7.98 | +$0.89 |
| Q2 2025 | -$8.13 | +$3.85 |
| Q1 2025 | -$10.41 | +$7.10 |
| Q4 2024 | -$12.15 | +$11.49 |
| Q3 2024 | -$8.87 | +$48.89 |
SLNH is still losing money, but far less than before: $2.21 per share over the past year, against $164.72 at its worst in late 2022.
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 SLNH 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 SLNH on profitability, with a higher operating margin.
SLNH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $15.1M | +145% |
| Q1 2026 | $9.4M | +58% |
| Q4 2025 | $9.2M | +11% |
| Q3 2025 | $8.4M | +12% |
| Q2 2025 | $6.2M | -36% |
| Q1 2025 | $5.9M | -53% |
| Q4 2024 | $8.3M | -18% |
| Q3 2024 | $7.5M | +30% |
SLNH's revenue has grown year over year for four quarters in a row: $15M last quarter, up 145% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -113% | -4.9 points |
| Q1 2026 | -177% | -56 points |
| Q4 2025 | -131% | +295 points |
| Q3 2025 | -92% | +27 points |
| Q2 2025 | -108% | -70 points |
| Q1 2025 | -121% | -124 points |
| Q4 2024 | -426% | -402 points |
| Q3 2024 | -120% | -55 points |
SLNH's operating margin was −113% last quarter, down 4.9 points from the same quarter a year ago.
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 SLNH on cash generation, producing positive trailing cash flow while its opponent burns cash.
SLNH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$12.1M | -$2.4M |
| Q1 2026 | -$8.9M | -$5M |
| Q4 2025 | -$16.7M | -$9.7M |
| Q3 2025 | -$6.8M | -$3.4M |
| Q2 2025 | -$9.7M | -$2.6M |
| Q1 2025 | -$4M | -220% |
| Q4 2024 | -$7M | -662% |
| Q3 2024 | -$3.5M | +$6.7M |
SLNH has burned cash in most quarters: −$45M over the past year, against −$24M the year before.
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 SLNH 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.
SLNH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +56% | +46.9M shares |
| 1 year | +774% | +116M shares |
| 3 years | +22144% | +130M shares |
| 5 years | +32535% | +131M shares |
SLNH has 131M diluted shares, up 774% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $75,000 |
| Q1 2026 | $56,000 |
| Q4 2025 | $87,000 |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | — |
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.
SLNH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2024 | -3.8x | Net Cash |
| Q1 2021 | -2.2x | Net Cash |
| Q4 2020 | -0.8x | Net Cash |
| Q3 2020 | -0.8x | Net Cash |
| Q2 2020 | -0.3x | Net Cash |
| Q1 2020 | -4.0x | Net Cash |
| Q4 2019 | -4.4x | Net Cash |
| Q3 2019 | -2.1x | Net Cash |
SLNH has more cash than debt.
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).
SLNH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.0 | Neutral |
| Stochastic | 10.7 | Oversold |
SLNH's weekly RSI is 36 (neutral) and its Stochastic is 11 (oversold).
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.
SLNH PE vs Technology Sector
| Metric | SLNH | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
SLNH has no meaningful PE right now: it lost money over the past year.
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 the edge over SLNH on trend strength, trading above more of its moving averages.
SLNH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.77 | 31% below |
| 20 week MA | $1.03 | 49% below |
| 50 week MA | $1.19 | 55% below |
| 100 week MA | $1.28 | 59% below |
| 200 week MA | $3.00 | 82% below |
SLNH is in a downtrend: it's below all five of its weekly moving averages, and 82% below its 200-week average.
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 SLNH on returns for 2026, with the stronger performance.
SLNH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.0 | $111.8 | +557% |
| 2021 | $111.8 | $266.3 | +138% |
| 2022 | $266.3 | $8.75 | -97% |
| 2023 | $8.75 | $4.00 | -54% |
| 2024 | $4.00 | $2.23 | -44% |
| 2025 | $2.23 | $1.41 | -37% |
| 2026 YTD | $1.41 | $0.53 | -62% |
SLNH has finished four years in a row lower, and it's down 62% so far in 2026.