Just two days later, however, the chip designer’s shares slipped some 3% and the title was returned to Microsoft.
The modern-day equivalent of the dot-com bubble is artificial intelligence (AI), with Nvidia’s meteoric rise on the Nasdaq echoing critics’ warnings from the Y2K era, says John O’Toole, head of multi-asset investment solutions at Amundi.
How high is too high? Speaking to The Edge Singapore in Paris, O’Toole’s comments came a week before Nvidia became the world’s most valuable company for the first time, after its market capitalisation soared to some US$3.34 trillion ($4.53 trillion) on June 18.
