Dr. Julian Hosp - Finanzen, Business und KI|12. Mai
Are chip stocks in a bubble or not?
Chip Stocks Dominate the Rally
- Micron, AMD, Intel, Nvidia are surging with gains reminiscent of crypto, despite being established large‑caps with half‑trillion market caps.
- AMD benefits directly from strong hyperscaler demand (e.g., Google, Amazon) and reports explosive revenue growth.
- Intel gets a boost from its partnership with Apple.
- Google briefly became the most valuable company by market capitalization.
- Positives: Revenue beat, earnings beat, impressive growth – the fundamentals are strong.
- Negatives: The price already reflects a lot of hopium (speculative optimism), so the stock hasn’t joined the broader rally.
- The high forward P/E ratios (Boeing 357, Tesla 88, Intel 91) illustrate how overpriced many names are.
- Boeing (forward P/E 357) – a short‑term trading idea based on anticipated orders from China.
- Tesla (88) and Intel (91) are also extremely expensive – at current earnings, it would take over 90 years to recoup the purchase price.
- Other companies in the index are much cheaper, sometimes for good reason.
