AI Stocks Including Nvidia Face Bubble Risks, Warns 'Wizard of Wharton': 'Impossible To Tell When It Will End'
Portfolio Pulse from Benzinga Neuro
Jeremy Siegel, a finance professor at Wharton, warns of a potential bubble in tech stocks, particularly highlighting NVIDIA Corp (NASDAQ:NVDA) due to its soaring valuations. Nvidia's stock has significantly increased, driven by demand for its AI chips, leading to concerns of a speculative bubble similar to the dot-com era. Despite these warnings, Siegel remains optimistic about the U.S. economy overall.
February 28, 2024 | 4:21 am
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Jeremy Siegel warns of a potential bubble in tech stocks, specifically pointing out NVIDIA's soaring valuations due to high demand for its AI chips.
Siegel's warning about a potential bubble, particularly focusing on NVIDIA due to its rapid valuation increase, suggests a heightened risk of a market correction. Given Siegel's reputation and the specific mention of NVIDIA, this could lead to increased investor caution, potentially impacting NVIDIA's stock price negatively in the short term.
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