Posted 3/4/2024, 2:25:39 AM
Nvidia's Stock Surge Recalls Tesla Frenzy; Can It Avoid Growth Letdown?
- Nvidia's meteoric stock rise echoes Tesla's rally a few years ago, when investors were betting big on electric vehicles
- Like Tesla then, Nvidia is captivating investors who see its chips and AI prowess transforming industries
- But Tesla disappointed when lofty growth expectations weren't met; Nvidia could face pressure if AI adoption slows
- Nvidia profits are surging for now as demand for AI chips stays red hot, unlike cash-burning Tesla back then
- Just like dot-com era, Nvidia's future growth is priced in; investors should beware paying too much on hopes alone