Is it a good time to buy Nvidia shares? Peter Thiel, co-founder of PayPal, says ...

Peter Thiel, co-founder of PayPal, had a warning to investors, suggesting that buying Nvidia shares is not a good choice now. Peter Thiel indicated that Nvidia stock is no longer a good bargain, and has also acknowledged that the AI ​​chipmaker’s mega performance in Wall Street. “Maybe a year ago or two years ago, Nvidia would have been a good buy,” Thiel said on the All-in Summit in September 2024, according to a recent Bezinga report. “Now everyone knows they make too much money and everyone is trying to copy it,” he added. By comparing the rise of the Jensen Huang -led enterprise with the “dotcom” bubble, Thiel noted that the current climate ‘feels uncomfortable near 1999’. Peter Thiel mentions the co-founder and venture cap of the AI ​​Ren at the AI ​​at the AI ​​summit, refused to crown Sam Atlman, Mark Zuckerberg and Elon Musk as the winners of the AI ​​race. “It’s nvidia, it’s the hardware, the disk layer,” he said, adding that they “earn all the money while everyone jointly loses money.” “Whoever I talk to, I find very convincing at the moment,” Thiel joked. Nvidia shares dropped from Nvidia’s shares on Thursday, was about 1.1 percent lower, as questions around the Sino-American trade war clouded a better as a expected revenue forecast of the Chip designer, which was released after Wednesday. Nvidia’s prospects were above Wall Street expectations, but disappointed some investors who were accustomed to rash results. The decline was also powered by a $ 4 billion decline in the sales of H20 chips-specialized processors designed by the company for the Chinese market, according to the earnings report. The California firm achieved a $ 26.4 billion profit at a record revenue of $ 46.7 billion in the recently ended quarter, powered by intense demand for slides of major technology companies using AI-Datacenter computers. The chipmaker expects a turnover of $ 54 billion in the third quarter, plus or minus 2 percent, compared to the average estimate of $ 53.14 billion analysts, according to the data compiled by Lseg. Nvidia’s high-end GPUs remain in a hot demand for technical giants that build data centers for artificial intelligence applications. However, investors question whether the massive AI investments are sustainable.