Nvidia (NVDA) has reached a $3 trillion market capitalization, surpassing Apple (AAPL) to become the second most valuable company in the US. The company's success has been propelled by the continued excitement around artificial intelligence. However, questions linger about the sustainability of this growth trajectory.
Deepwater Asset Management Managing Partner Doug Clinton joins the Morning Brief to share his perspective on Nvidia's soaring valuation. While acknowledging that the current market dynamics might appear "a little scary on the chart," Clinton believes that the AI rally is still in its early stages, and investors will continue to feel uneasy until the markets reach a point of being in a "true AI bubble."
As Nvidia gears up for its highly anticipated 10-for-1 stock split, Clinton highlights the company's ability to "continue to show business momentum," a testament to its resilience and adaptability in the face of rapidly evolving market conditions.
However, amid the AI frenzy, Clinton raises a question: "Can Nvidia maintain its dominant position, providing the brains to these artificial intelligence models? I think they can for the next three to five years."
#news #Nvidia #stocks
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Deepwater Asset Management Managing Partner Doug Clinton joins the Morning Brief to share his perspective on Nvidia's soaring valuation. While acknowledging that the current market dynamics might appear "a little scary on the chart," Clinton believes that the AI rally is still in its early stages, and investors will continue to feel uneasy until the markets reach a point of being in a "true AI bubble."
As Nvidia gears up for its highly anticipated 10-for-1 stock split, Clinton highlights the company's ability to "continue to show business momentum," a testament to its resilience and adaptability in the face of rapidly evolving market conditions.
However, amid the AI frenzy, Clinton raises a question: "Can Nvidia maintain its dominant position, providing the brains to these artificial intelligence models? I think they can for the next three to five years."
#news #Nvidia #stocks
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
