Investing into the AI buildout ⚡️ 308% YTD
Head of AI | Product Manager
#79# Bestseller on Substack Finance.
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$NVDA $NBIS $MU $BE $SNDK $MRVL
So you're telling me tech is trading below the S&P 500...at 17x forward earnings against 18x for the whole index.
That's below its own 10-year and 30-year median.
Relative to the market, tech has been more expensive than this about 70% of the time over the past decade.
Meanwhile the "safe" stuff is the expensive stuff.
Consumer Staples trade at 24x, in the 97th percentile of the last 10 years. Health Care is at 20x, in the 95th.
And you think we're in a bubble?
Bruh…