Experts:
NVIDIA Now "Too Big to Succeed"
NVIDIA's soaring share price has singlehandedly formed a bubble that
could trigger a crash of the entire stock market.
That's according to investing legend Rob Arnott, the founder of Research
Affiliates a research-intensive asset management firm.
The semiconductor maker, which has gone up as much as 232% in 2023,
thanks to AI hype, is a "textbook story of a Big Market Delusion", Arnott
recently told Bloomberg.
He goes on to warn, "Would NVIDIA's popping bring down the whole
market? It's very possible."
The stock, whose $1.1 trillion market cap makes it the sixth largest
company in the world today, isn't "too big to fail," but "too big to
succeed," says Arnott.
Several
other experts agree, including one of the market's top
quantitative analysts Brett Eversole, as well as renowned stock picker and
former Fox Business host Matt McCall.
In fact, they believe all of the "Magnificent Seven" tech companies,
NVIDIA, Amazon, Apple, Microsoft, Tesla, Meta, and Alphabet, have become so
overinflated, there's almost nowhere left for them to go but down.
McCall and Eversole, who boast a combined 457 winning trade
recommendations between them, believe a "changing
of the guard" is imminent on Wall Street - where investors
could see many of the market's most successful companies leapfrogged by
smaller, cheaper stocks with much higher growth potential.
To watch their new presentation which details 10 stocks they
believe have a great opportunity to dominate the markets over the next
decade, just
click here.
Regards,
Andrew McCord
Senior Researcher, Stansberry Research
This ad is sent on behalf of Stansberry Research, 1125 N Charles St,
Baltimore, MD 21201.
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