Wall Street Legend Stanley Druckenmiller: "Nvidia Is in Nosebleed Territory"

By Travis Hoium – Feb 14, 2024 at 7:00AM

NASDAQ: NVDA

Nvidia

Market Cap

$2,193B

Today's Change

(6.18%) $51.03

Current Price

$877.35

Price as of April 26, 2024, 4:00 p.m. ET

Nvidia's bubble is still inflating and Wall Street legends know when they need to get out.

Nvidia (NVDA 6.18%) has been the hottest stock on the market over the past 18 months, and for good reason. The company is growing like crazy and smashing estimates quarter after quarter.

But some of the biggest Nvidia investors think this is a bubble and they're fine riding that bubble until it stops inflating. That's a warning for investors who don't have the same short-term mindset.

*Stock prices used were end-of-day prices of Feb. 10, 2024. The video was published on Feb. 12, 2024.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.