Going Into Earnings, Is Nvidia Stock A Buy, A Sell, Or Fairly Valued?

The article discusses the potential growth of Nvidia’s AI GPU sales based on the recent capex spending of major tech companies such as Microsoft, Meta Platforms, and Amazon. It also mentions the increased risk of underinvesting in AI and the potential for a crash in investment in the future. The article also notes that Advanced Micro Devices has boosted its AI GPU guidance for 2024, indicating strong demand for AI GPUs. Additionally, the article addresses the question of whether companies will generate enough revenue from AI to justify their current spending.