The bear case for Nvidia ahead of its Q4 earnings
Wall Street is gearing up for Nvidia's (NVDA) fourth quarter earnings results to come out this Wednesday, February 26. However, not all expert investors are so bullish on the semiconductor manufacturer. The Bahnsen Group CIO David Bahnsen sits down with Catalysts hosts Seana Smith and Madison Mills along with Yahoo Finance executive editor Brian Sozzi to present why he is bearish on the chip giant, weighing in on Nvidia's valuation and growth expectations. "If you compare its earnings multiple to some of the other AI companies, let alone other Mag Seven and, of course, other S&P names, it's at an incredible premium. Now, I agree it's earned it, I agree it's deserved it and generated the order flow," Bahnsen explains. "But one of the key things that was said... it's just simply untrue that it's a monopoly. Nobody in their right mind thinks Nvidia is a monopoly. There's tons of competition, but all the earnings multiple estimates are based on them never having competition. Watch the video above to hear David Bahnsen's full bearish case on Nvidia and some of the other sectors his firm is investing in. Catch what average investors on the streets of New York City have to say about Nvidia. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.
