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.
VNET
VNET Group, Inc.
There isn't enough reported data to score VNET yet.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
VNET Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Under pressure | |
| Weak | |
| Weak |
VNET's profitability, cash flow and balance sheet are currently under pressure. There isn't enough data to rate its revenue.
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.
VNET PE Valuation
VNET 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.
VNET Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
VNET has the edge over NVDA on the outlook, with more favorable profitability expectations.
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 stronger earnings trend. Trailing diluted EPS is up 125% for NVDA versus VNET down 153%.
VNET Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | -$2.30 | -$2.02 |
| Q2 2024 | -$2.51 | -$1.85 |
| Q1 2024 | -$2.78 | -$1.97 |
| Q4 2023 | -$2.61 | -$1.82 |
| Q3 2023 | -$0.28 | +$0.48 |
| Q2 2023 | -$0.66 | -$0.49 |
| Q1 2023 | -$0.81 | -223% |
| Q4 2022 | -$0.79 | -261% |
VNET is still losing money, but far less than before: $1.33 per share over the past year, against $3.48 at its worst in late 2020.
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 VNET on sales, with stronger typical year-over-year growth.
| 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 VNET on profitability, with a higher operating margin.
VNET Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $415.8M | +14% |
| Q1 2026 | $403.9M | +20% |
| Q3 2025 | $385.4M | +24% |
| Q2 2025 | $365.3M | +22% |
| Q1 2025 | $337.1M | +18% |
| Q3 2024 | $311.3M | +9.9% |
| Q2 2024 | $299.2M | +9.4% |
| Q1 2024 | $284.9M | +5.1% |
VNET's revenue has grown year over year every quarter since late 2020: $416M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 6.8% | -0.3 points |
| Q1 2026 | 9.2% | -1.9 points |
| Q4 2025 | 5.2% | N/A |
| Q3 2025 | 7.5% | -1 points |
| Q2 2025 | 7.1% | -2.6 points |
| Q1 2025 | 11% | +8.6 points |
| Q3 2024 | 8.5% | +6.8 points |
| Q2 2024 | 9.8% | +4.6 points |
VNET's operating margin was 6.8% last quarter, about level with 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 VNET on cash generation, producing positive trailing cash flow while its opponent burns cash.
VNET Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$194.5M | +$31.2M |
| Q1 2026 | -$243.2M | +$1.4M |
| Q4 2025 | -$189.6M | -$51.4M |
| Q3 2025 | -$211.8M | -$111.8M |
| Q2 2025 | -$225.7M | -$136.6M |
| Q1 2025 | -$244.7M | -$133M |
| Q4 2024 | -$138.2M | -$95.1M |
| Q3 2024 | -$100M | -$26.2M |
VNET has burned cash in almost every quarter: −$839M over the past year, against −$709M 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 VNET 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.
VNET Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.5% | +9.5M shares |
| 1 year | +5.7% | +15.3M shares |
| 3 years | +61% | +108M shares |
| 5 years | +98% | +140M shares |
| Available history | +151% | +170M shares |
VNET has 284M diluted shares, up 5.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $2.6M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q3 2024 | — |
| Q2 2024 | — |
VNET spent $3M buying back its own shares over the past year.
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 has the edge over VNET on leverage, with a lower net debt burden relative to earnings.
VNET Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 6.3x | High |
| Q1 2026 | 6.0x | High |
| Q4 2025 | 7.2x | High |
| Q3 2025 | 10.1x | High |
| Q2 2025 | 8.0x | High |
| Q1 2025 | 7.9x | High |
| Q4 2024 | 3.0x | Elevated |
| Q3 2024 | 278.7x | High |
VNET's net debt is about 6.3 years of its operating earnings (EBITDA), down from 8.0 years a year ago.
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).
VNET Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 24.7 | Oversold |
| Stochastic | 3.9 | Oversold |
VNET's weekly RSI is 25 (oversold) and its Stochastic is 4 (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.
VNET PE vs Technology Sector
| Metric | VNET | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
VNET 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 VNET on trend strength, trading above more of its moving averages.
VNET Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.30 | 28% below |
| 20 week MA | $5.98 | 48% below |
| 50 week MA | $8.15 | 62% below |
| 100 week MA | $8.04 | 62% below |
| 200 week MA | $5.47 | 44% below |
VNET is in a downtrend: it's below all five of its weekly moving averages, and 44% 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 VNET on returns for 2026, with the stronger performance.
VNET Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6.41 | $32.4 | +405% |
| 2021 | $32.4 | $9.15 | -72% |
| 2022 | $9.15 | $5.64 | -38% |
| 2023 | $5.64 | $2.87 | -49% |
| 2024 | $2.87 | $4.27 | +49% |
| 2025 | $4.27 | $8.69 | +104% |
| 2026 YTD | $8.69 | $3.09 | -64% |
VNET's yearly returns have swung widely, from +405% in 2020 to −72% in 2021. It's down 64% so far in 2026.