AJ Tiarsmith
5 min read
Quick Read
-
NVDA’s revenue doubled to $96B year-over-year, while top hyperscalers project $1.3T in AI capex for 2027 and MSFT alone spent $116B on capex last fiscal year.
-
Novogratz, CEO of Galaxy Digital, urges buying the AI bubble now but watches stocks and the dollar falling together, spiking bond yields, and foreign Treasury selling as exit signals.
-
After the panel, CPI hit 3.7%, NVDA fell 6%, and Fed rate-hike odds surged to 42%, triggering two of the three warning signals Novogratz says he tracks.
-
Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Microsoft didn’t make the cut. Enter your email to see the names that beat MSFT. The report is free. Enter your email and see if any of your stocks made the cut.
A crypto executive and former hedge fund manager is calling artificial intelligence the “biggest bubble of our lifetime” and telling investors to stay in. Mike Novogratz, founder and CEO of Galaxy Digital (NASDAQ:GLXY), whose net worth Forbes estimates at $4.3 billion, made the remark on a panel at the Greenwich Economic Forum in Greenwich, Connecticut, in early October. Bloomberg’s account, republished by The Star, says he urged investors to pile in.
Conditions at the time, as Bloomberg reported them: AI-linked gains pushed the S&P 500 Index to a record that day, and NVIDIA (NASDAQ:NVDA) saw its market value approach $6 trillion.
Why Novogratz Says This Bubble Still Has Room
According to Bloomberg, Novogratz says he knows how bubbles end. They end spectacularly, and he says this one is not spectacular enough yet. In his view, AI-linked stocks still look cheap on a price-to-earnings basis. He sees rising long-term borrowing costs as a headwind that falls short of stopping the rally.
He also notes that competition with China makes it unlikely regulators or the industry will slow AI development, since both U.S. parties see the race as existential. That is his opinion. His “keep buying” case combines a call to buy in with patience.
——
Free Report, Just Released
Why Didn’t MSFT Make The Top 10 List?
24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive Top 10 Stocks To Buy Now. Not the ten biggest companies. Not the ten everyone is arguing about. The ten best stocks to buy right now.
And MSFT didn’t make the cut!
The report is free, and you can see why we think each stock is a top investment today.
Enter Your Email and See the Ten →
——
