"Of the 80 analysts covering Nvidia for Bloomberg's enterprise terminals, 73 of them currently rate Nvidia as a "buy." Six of them say "hold," but only one, Seaport Global Securities senior analyst Jay Goldberg, say "sell." Many economists have been watching in horror as they warn that AI spending is propping up the US economy with misallocated capital. Wall Street, however, is only seeing green. As Bloomberg notes in its reporting on the analyst, Goldberg is currently swimming against a stream of epic proportions."
""This is not my first bubble," Goldberg told the publication, referring to the dot-com investment bubble of the late 1990s. "That feels very strongly like the pattern we're seeing now," he continued. "We're going to build up all this AI stuff for what are largely psychological reasons. At some point the spending will stop, and the whole thing will tumble down and we'll reset.""
US stocks hit record highs driven largely by AI-focused investment, with Nvidia becoming the first company valued at $5 trillion, 78 days after reaching $4 trillion. Of 80 analysts covering Nvidia, 73 rate it a buy, six rate it hold, and one rates it sell. One analyst compares current AI-driven investment patterns to the late-1990s dot-com bubble and warns that psychological factors could inflate spending that ultimately stops and triggers a market reset. Concerns include misallocated capital, round-tripping of funds among large tech companies, and potential regulatory intervention that could expose risks.
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