Posted 2/26/2024, 2:39:40 PM
Nvidia Stock Skyrockets Amid AI Hype, Raising Bubble Concerns
- Investor sentiment towards tech stocks like Nvidia is sky-high, fueling a potential bubble
- Nvidia stock is trading at near record valuation levels over 30x forward earnings
- The AI hype cycle has emboldened investors who feel like investing geniuses right now
- A market correction is inevitable at some point as stocks don't go up every single day
- Investors should reassess valuations and fundamentals of tech stocks instead of getting caught up in the hype