Nvidia: AI Hype Explosion Reaches Significant Overvaluation (Rating Downgrade)


  • The frenzy surrounding AI shows no signs of slowing down, as Nvidia Corporation management and analysts inundated their earnings call with talk of generative AI.
  • Nvidia is gearing up to unleash a game-changing cloud-based supercomputer that will enable businesses to train their bespoke AI models without having to construct their own supercomputer.
  • Revving up its efforts, Nvidia is determined to facilitate the widespread adoption of generative AI among enterprises, fueling buying sentiments further.
  • As the frenzy surrounding generative AI reaches a fever pitch, there are growing indications that NVDA may be significantly overvalued.

Semiconductor Maker Nvidia Reports Quarterly Earnings

Justin Sullivan

The NVIDIA Corporation (NASDAQ:NVDA) hype train is now at full speed ahead. Nvidia’s FQ4’23 and FY23 earnings release highlighted the potential of OpenAI’s (MSFT) ChatGPT model and the broad spectrum of generative AI applications

Nvidia Gaming change % and Data Center change %

Nvidia Gaming change % and Data Center change % (Company filings)

NVDA price chart (weekly)

NVDA price chart (weekly) (TradingView)

Disclosure: I/we have a beneficial long position in the shares of NVDA, GOOGL, MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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