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Nvidia to replace Intel in Dow Jones Industrial Average — Intel's 25-year reign has come to an end
(www.tomshardware.com)
this post was submitted on 03 Nov 2024
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Isn't Nvidia insanely overvalued? I feel like they'll just have to readjust when the AI bubble bursts...
I don't know about overvaluation of individual companies, but i do know that DJIA is overrated legacy crap from the 1870's that only exists because human computational power was limited.
The S&P is going to be much more reliable a metric than, "Here's 30 companies to buy stock in chaps" targeted at conservative WSJ readers.
Tesla is insanely overvalued...p/e >100 with fake product launches, delay after delay of new models. Technology not meeting their own metrics.
Nvidia p/e is only 65 and they keep breaking records of yoy growth.
Apple p/e is 35. Microsoft p/e is 35.
Cisco p/e at height of dotcom crash (which many people like to compare nvidia to) was >200.
Major CSPs are locked in a race to get AGI. Spending is not going to slow...