Tech Rally Sputters as yields rise before Powell: Markets wrap
Big tech rally weakened due to rising bond yields. Traders analyze Federal Reserve comments, await Powell's speech for interest rate insights.
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Big tech rally weakened due to rising bond yields. Traders analyze Federal Reserve comments, await Powell's speech for interest rate insights.
None Nvidia stock is way too expensive, even taking into account its stellar second quarter earnings, one analyst says. • None The chip maker pulled a record…
"Nvidia's valuation is ridiculous," says analyst David Trainer. "People should not be chasing this stock before it drops by around 80% to below $100."
"Nvidia is the stock market's new Tesla, where the market blindly assigns a ridiculously high and unrealistic valuation," one veteran analyst says.
Is A.I. set to revolutionize the global economy, ushering in an age of booming productivity and, by extension, surging stock prices? Or is it just another…