Have Tech Stocks Finally Run Out of Road? Here's What the Data Actually Says.

The concern isn't an unmerited one. The gains that most artificial intelligence (AI)-related stocks have made since 2023 have obviously stretched at least some valuations far too thin. Nvidia (NASDAQ: NVDA) shares, for instance, are priced at more than 35 times their trailing profits. Amazon (NASDAQ: AMZN) is trading at nearly 30 times its earnings for the past four reported quarters. And these tickers' closest technology cousins have been taken along for the same wild ride, inflating their valuations as w ...