Nvidia stock is in ‘bubble land' warns major U.S. Hedge Fund

Amid widespread market volatility and concerns over the future of artificial intelligence (AI) shares, American hedge fund Elliott Management has issued a warning to investors that Nvidia (NASDAQ: NVDA) stock is in “bubble land” and relying on “overhyped” AI technology. Specifically, the Florida-based hedge fund manager, which handles around $70 billion in assets, has told its clients in a recent letter that the megacap tech stocks, particularly Nvidia, were in “bubble land,” according to a Financial Times ...