Tom Essaye Thinks Investors Aren’t Sure The Current Data Center Boom Will Last
AI chip stocks show low P/E ratios amid investor doubt
Sevens Report Research founder Tom Essaye thinks this is because investors aren’t sure the current data center boom, fueling AI growth, will last.
Tom Essaye warns of massive cancelations.
Essaye compares today’s situation to the dot-com crash in 2000, warning that if market hype doesn’t turn into real growth, suppliers like NVIDIA and Micron could take a hit.
He says inflated expectations can backfire if demand doesn’t keep up: “massive order cancelations” could follow.
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