Terry Smith shuns Nvidia shares on fears AI hype is overblown

Quick Summary:

It lacks a predictable earnings stream and strong track record of high return on capital, he said.

TOKYO – Nvidia’s stock has almost tripled this year, and Wall Street analysts are overwhelmingly positive on the chipmaker.

The doubts contributed to a sell-off which erased about US$900 billion (S$1.19 trillion) from Nvidia’s market value from a June peak to an August low, although the shares have since rebounded.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Spending Year Cent Justify Smith Firms Nvidia’s Record Going People Continue

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 16:45:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 585 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23511827

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