Peter Theil on why stock of Nvidia may not be a ‘good buy’ now

Nvidia’s impressive second-quarter revenue, a 56% year-over-year surge, surpassed Wall Street’s expectations, yet shares dipped, signaling investor apprehension. Peter Thiel lauded Nvidia’s AI chip dominance at the All-in Summit, highlighting their hardware layer monopoly. However, he cautioned against chasing the hype, suggesting the stock might not be a worthwhile investment now, drawing parallels to the dot-com bubble era. Nvidia’s impressive second-quarter revenue, a 56% year-over-year surge, surpassed Wall Street’s expectations, yet shares dipped, signaling investor apprehension. Peter Thiel lauded Nvidia’s AI chip dominance at the All-in Summit, highlighting their hardware layer monopoly. However, he cautioned against chasing the hype, suggesting the stock might not be a worthwhile investment now, drawing parallels to the dot-com bubble era.