Posted 2/26/2024, 1:13:00 PM
Nvidia Hits $2 Trillion Valuation Despite AI Bubble Warnings
- Nvidia recently hit a $2 trillion market cap, but billionaire Marc Rowan's firm Apollo calls AI valuations a "bubble" worse than the dotcom era
- Apollo's chief economist warns the top 10 S&P 500 companies are more overvalued than during the 1990s tech bubble
- Nvidia posted the largest single-day gain in market cap ever last week, fueled by AI demand
- Cathie Wood has recently lowered ARK Invest's exposure to AI semiconductor stocks like Nvidia due to valuation concerns
- There are worries that the high expectations already priced into AI stocks like Nvidia cannot be met