Posted 3/24/2024, 9:45:00 AM
Nvidia's Stock Surge Unsustainable; AI Leadership Intact But Growth to Slow
- Nvidia's (NVDA) stock has risen exponentially recently, up over 7x in the last 18 months
- This growth rate is unsustainable long-term based on simple math and comparisons to GDP
- If the growth rate continued, Nvidia would be worth more than the global GDP in a few years
- While the stock gains will dramatically slow, that doesn't necessarily mean the stock will decline
- Nvidia will likely remain an AI leader, but other AI stocks have more room for multi-bagger growth
