Lynch: Investors Beware of AI Mania

February 23, 2024

Last week, Nvidia reported earnings that propelled the AI-chipmaker to add $277 billion in stock market value, Wall Street’s largest ever daily gain. The company also briefly traded above $2 trillion in market valuation for the first time.

And while it often helps propel other Big Tech shares, Eric Lynch, managing director at Scharf Investments, says investors need to separate Nvidia from other companies when it comes to AI mania.

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