FOMO stands for the fear of missing out. This emotion compels investors better read risk takers to buy into stocks which have experienced considerable rally. We have observed many times in this space that the funds and the public crowd into fewer stocks as the market approaches a final high. It was Radio Corporation of America in 1929. In 1966 it was the nifty fifty including IBM. In 2000 it was the dot.com stocks. In 2007 it was the home builders. Today it is anything remotely connected with Artificial Intelligence or AI.

How concentrated and excited is the FOMO regarding Nvidia? NVDA is the leading AI stock. The current market capitalization has risen to $4.4 trillion with a T dollars. For perspective the entire Gross Domestic Product of Canada is $2.7 trillion. So NVDA is worth 1.48x a

See Full Page