Business:Investing
6.24 Are NVidia And AI Stocks In A Boom Or A Bubble? | Nucleus Investment Insights
2023-06-01
NVidia hit a market capitalisation of USD1 trillion this week after a stunning set of earnings upgrades.
Data centre revenue, which is the largest part of NVidia's revenues, is expected to double over the next 90 days.
But revenues have been volatile. For example, NVidia's gaming revenues halved last year, probably due to Etherium (a crypto-currency) moving to proof of stake.
On one hand, NVidia is not cheap relative to the market, trading on 45 times next year's earnings. On the other hand, if it can double revenues over the next 90 days, then it might be looking a lot cheaper a lot sooner.
Join us in this week's podcast as Nucleus Wealth Chief Investment Officer Damien Klassen and Senior Financial Adviser Samuel Kerr as we look at the question of whether NVidia and AI stocks are in a boom or a bubble.
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Nucleus Wealth is an Australian Investment & Superannuation manager that can help you reach your financial goals through transparent, low-cost, ethically tailored portfolios. To find out more head to Nucleus Wealth Website.
The information on this podcast contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Damien Klassen is an authorised representative of Nucleus Wealth Management. Nucleus Wealth is a business name of Nucleus Wealth Management Pty Ltd (ABN 54 614 386 266 ) and is a Corporate Authorised Representative of Nucleus Advice Pty Ltd - AFSL 515796
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