Nvidia’s Rally Is Going to Show Traders What a Market Bubble Looks Like, Rob Arnott Says
- Nvidia is great company priced beyond perfection, says Arnott
- Largest companies should be seen as being ‘too big to succeed’
Nvidia headquarters in Santa Clara, California.
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For years now, stock traders have been getting so rich betting big companies will get even bigger that they’ve forgotten what a bubble looks like. They’re going to find out thanks to Nvidia Corp.
So says Rob Arnott, renowned for his warnings on the dangers of bloated megacaps — and the designer of passive products for muting their supposed threat. Up 228% in 2023, Nvidia may be riding a revolution in computer science, but the stock is “a textbook story of a Big Market Delusion,” wrote the founder of Research Affiliates LLC.