Analyzing NVDA "Odd" Trading Action Amid AI CapEx Surge, Energy Headwinds

Nvidia's (NVDA) downside price action off what Olivier Blanchard considers stellar is "odd," though he understands concerns on the Big Tech CapEx narrative. Additionally, he sees a lack of energy supply serving as another major headwind for Nvidia. Keith Gangl notes that Nvidia is cheap compared to its historic average, now trading at a P/E ratio in the 20s.

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