Market experts caution Nvidia faces risks despite stock's meteoric rise
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Nvidia's stock price has soared over $788 per share, but market expert Rob Arnott warns that disruptive companies often get disrupted themselves.
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Arnott argues that while new technologies like AI promise great growth, the leading companies rarely maintain dominance long-term as competition enters.
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He compares the AI hype to past technology crazes like dot-com and electric vehicles, where early high flyers eventually lost out.
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Arnott believes Nvidia is priced for perfection with little room for error at its current high valuation.
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Accountant Jack Ciesielski agrees disruptors often lose out to "second movers," and Nvidia's success is attracting rivals that could disrupt it in turn.