Artificial Intelligence (AI) Isn't the Top Reason to Buy Nvidia Stock, According to the "Dean of Valuation." Here's What He Says Is.

If I had to pick one reason to invest in Nvidia (NASDAQ: NVDA) right now, it would be the company's growth prospects fueled by artificial intelligence (AI). Many investors would no doubt agree with me.

But not all of them. Aswath Damodaran, a finance professor at New York University often called the "Dean of Valuation," disagrees. AI isn't the top reason to buy Nvidia stock, according to Damodaran. However, he thinks another factor could be.

Earlier this year, Damodaran posted in X (the app formerly known as Twitter) that Nvidia "is a bridge too far for me." He added that he had halved his position in the stock in the summer of 2023 and was doing so again.

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Source Fool.com