CNBC's "Fast Money" Nvidia’s Shareholder Meeting…. And Bank Stress Test Results 6/26/24
Jun 26, 2024
Nvidia's shareholder meeting reveals growing competition in the chip industry. Bank stocks scrutinized post stress test results. Investment firm CEO optimistic about bank sector. Discusses market dominance, stock buybacks, Japan's economy, US interest rates, and consumer habits impacted by inflation.
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Nvidia's Stock Movement
- Nvidia's recent rally might not be sustainable, and the stock may decline.
- This isn't an indictment of the company's potential, but rather a historical trading pattern.
Nvidia's Market Dominance
- Nvidia dominates the AI chip market with an 80-85% share, supporting its growth potential.
- However, the stock's massive run suggests a potential downturn due to gravity.
Nvidia's Valuation
- Nvidia's high valuation, at 20 times expected revenue, might be excessive.
- Competition, maturing margins, and future growth are key factors in justifying this premium.