Chip darling Nvidia takes its turn in the antitrust hot seat
Washington PostJUN 2024
Nvidia Loses Market Cap Title to Microsoft as Shares Retreat
Image copyright: Justin Sullivan/Staff/Getty Images News via Getty Images
The Spin
Narrative A
Nvidia’s soaring success has only just begun, so this pullback must be seen as a buying opportunity. The company has hundreds of billions of dollars in long-term opportunity as generative AI hardware developments are still in the early years of its deployment cycle, with strong and growing demand in this critical field.
Narrative B
While Nvidia may very well end up being an incredibly profitable business and an industry leader, its shares are currently ridiculously overvalued — and history tells us that they can indeed take a huge dive for multiple reasons. After all, the field of AI is far from being mature despite its current hype cycle.
Metaculus Prediction
There's a 60% chance that on June 28, 2024, will Nvidia's market capitalization be larger than Apple's, according to the Metaculus prediction community.
