We’re entering a new period in the market. Call it what you want – a paradigm shift or simply shifting investor sentiment – but it’s clear that valuations now matter.  Unlike previous periods of time, such as the growth frenzy following the onset of the pandemic in which any unprofitable growth stock with a reasonable ... Palantir Could Be the Most Overvalued Company That Ever Existed
  • CompactFlaxEnglish
    46·
    vor 5 Monaten

    Big talk in the era of Tesla, nvidia, and OpenAI.

    • canihasaccount@lemmy.worldEnglish
      10·
      vor 5 Monaten

      NVIDIA at least makes money. Their TTM P/E is around 45. The average is like 25 right now for the S&P iirc, which is above historical averages of ~15, but has been the new normal for like 20 years at this point. We’re in a bubble, but NVIDIA is selling the picks and shovels, so they’ll won’t go bankrupt once it pops.

      • CompactFlaxEnglish
        8·
        vor 5 Monaten

        They’re also financing the sale of said picks and shovels based on the value of the picks and shovels the purchasing company bought last week. Nvidia does have value, but the way the finances work is deeply concerning