Reported about 1 month ago
David Bahnsen, CIO of The Bahnsen Group, advises Nvidia investors to reconsider their positions ahead of the company's second quarter earnings. He claims that despite Nvidia's remarkable performance, its current high valuation—70 times earnings with 100% growth projected—leaves no room for error, likening it to the dot-com bubble with Cisco Systems. Bahnsen warns that investors may be banking on finding 'greater fools' to pay this elevated price, highlighting a risk in the current market exuberance surrounding AI stocks.
Source: YAHOO