New York University's Aswath Damodaran said Nvidia is overpriced, even when compared with the rest of the so-called " Magnificent Seven " companies.
"And today's prices, I mean, all of the stocks looked overpriced, but I think Nvidia stands out as particularly overpriced."
NVDA 1D mountain Nvidia Nvidia is one of the seven stocks that have continued to rise as a group in 2024 after leading the S & P 500 in 2023.
Together, the seven stocks are up about 9% for the year.
Instead, Damodaran favors Apple and Tesla in the Magnificent Seven group of companies, saying they are more attractive after their recent declines.
Persons:
Aswath Damodaran, Damodaran, CNBC's, it's, Tesla, Chris Verrone, Michael Bloom
Organizations:
Nvidia, Nvidia Nvidia, Microsoft, Tesla, Apple
Locations:
York