Nvidia shares fell 3.2%, following a drop of over 3% on Thursday after hitting an all-time high. Despite this, the chipmaker remains up 155% year-to-date and briefly surpassed Microsoft print, an AI memory chipmaker whose shares surged more than 60% this year amid the ongoing bull market. Micron will report the results on Wednesday following the market’s close.: “We’ve added a new stress test to our valuation analysis.
“What makes each of the prior “expensive markets” unique is their own trajectory with regard to time, price, earnings and breadth. Common to all, valuation alone is not sufficient to sell.
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