Chipmaker is here to stay, but where will its shareprice go?
shares – it broke another record after shedding $406 billion in market capitalisation in a week – has prompted talk of a bubble bursting. Is it?strategist Michael Cembalest. He characterises Nvidia ’s financials as “phenomenal” and the “antithesis of the dot-com era”, saying Nvidia “bears no resemblance” to dot-com leaders such as Cisco.
So Cembalest is bullish? Not so fast. Whatever about the next two years, “competition is coming”. Competition partly explains why market leaders in past decades, such as GM, IBM, Altria, Cisco, GE and Exxon, underperformed in the future .’s boost to productivity will be much smaller than many believe, and asks why many ChatGPT users access it infrequently. Cembalest is himself an infrequent user, saying ChatGPT got half his questions right but the other half wrong in prior tasks.
Nvidia isn’t a bubble, but that doesn’t mean it’s a buy. For now, investors are focused on the uncertainties.No, Elon Musk will not be a trillionaire by 2027Dublin Airport power outage causes major disruption
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia forecasts third-quarter revenue in line with marketShares in the chipmaker fell 5%in extended trading
Read more »
Nvidia’s earnings: another wild ride aheadA trillion lost, $750 billion gained: if you’re a trader looking for volatility, Nvidia is usually the place to be
Read more »
Nvidia’s wild ride continuesStock not in classic bubble territory but is surrounded by huge uncertainty
Read more »
Nvidia earnings now rival US jobs report for economic impactThe company’s results, due late on Wednesday, will have implications for other tech stocks
Read more »
Markets hesitant as investors await Nvidia’s resultsIrish bank have mixed day as Datalex enjoys bounce
Read more »
Global shares trade higher as investors shrug off Nvidia disappointmentIseq index advanced 0.3%
Read more »