2024-06-21 03:15:27 ET
Summary
- Nvidia has been all the rage – and justifiably so. But now we have a different landscape – one of decelerating growth.
- We are on the cusp of a “broad participation explosion” where the “shiny object” leaders begin to underperform – while the laggard remaining ~90%+ of the market can outperform.
- For everyone comparing the current market to the 2000 tech wreck, you are blinded by recency bias. However, the 2000 Nasdaq tech wreck DID, in fact, repeat two years ago...
Nvidia
Nvidia (NVDA) has been all the rage – and justifiably so. Since NVDA reported its Q1 2023 earnings report and disclosed the huge demand for its AI chips, the stock has gone straight up. Now it’s worth $3.3T. Revenues up 4x, margin expansion, everything anyone could ever wish for....
Read the full article on Seeking Alpha
For further details see:
The Next Pain Trade - Stock Market (And Sentiment Results)...