Nvidia's Meteoric Rise: Experts Debate if AI Boom and Soaring Valuation is Sustainable or a Bubble
• Nvidia stock has surged over 20x in 5 years to $2.3 trillion valuation on back of AI boom • Generative AI tools like ChatGPT driving explosive demand for Nvidia's sophisticated AI chips • Questions being raised on whether rapid growth and high valuations are sustainable/a bubble • Citi strategists say 2024 shaping up to be a repeat of the 1999 tech bubble • Analysts note AI euphoria has hallmarks of a bubble; can last a year before valuations fall