Nvidia Soars on AI Hopes, But Will Reality Set In Like it Did For Tesla?
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Nvidia's meteoric rise mirrors Tesla's a few years ago, when investors were betting big on electric vehicles taking over the world
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Like Tesla then, Nvidia's valuation is based on massive growth expectations around AI and its chips powering new applications
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Reality interrupted the Tesla story as EV demand slowed; Nvidia could face similar risks if AI adoption disappoints in the future
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Nvidia profits are surging unlike money-losing internet companies during the dot-com bubble, but competition looms as rivals target the AI chip market
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Investors tend to get carried away with "technology innovation du jour," but leaders don't always pan out as expected over the long run