Posted 3/23/2024, 11:00:00 AM
Nvidia Soars as AI Chip Demand Booms; Tesla Faces Bumpier Road on Self-Driving Uncertainty
- Nvidia and Tesla have differences as businesses - Nvidia focuses on AI chips for data centers, Tesla tries to develop its own self-driving tech
- Financials are diverging - Nvidia's revenue and earnings growing rapidly, Tesla seeing slower growth and margin declines
- Valuations show mixed signals - Nvidia has high P/S ratio but lower P/E, Tesla has low P/S but still elevated P/E
- Nvidia growth continues with AI chip demand, Tesla faces uncertainty with self-driving tech and profitability
- Nvidia stock less likely to crash like Tesla in near term given current strong conditions