
What China’s Wobbly Economy Means for the U.S., the Fed 8/28/23
CNBC's "Last Call"
00:00
VINFAST's Soaring Stock and Questionable Valuation
The hosts analyze the recent surge in the stock price of VINFAST, the Vietnamese electric car company, questioning its high valuation despite minimal sales in the US. They discuss the risks of trading thinly-traded stocks and the consequences of riding the momentum without thorough analysis, as exemplified by some traders who ultimately lost money. The chapter concludes with the speakers predicting the eventual outcome of VINFAST's situation.
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