Nvidia’s Sizzling AI-Driven Rally Flashes a Warning
- Market value has risen more than $370 billion from October low
- Stock’s valuation is nearly twice its average over past decade
Nvidia trades at 56 times projected earnings.
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Of all the stocks that have been supercharged by this year’s artificial intelligence frenzy, Nvidia Corp. stands alone.
The key supplier of chips required to power chatbots has more than doubled since hitting a two-year low in October, adding more than $370 billion in market value. Now cracks may be starting to appear.