Dan Loeb calls Nvidia reasonably valued at 15x forward earnings - Crypto Briefing

Dan Loeb, founder of Third Point, argues that NVIDIA is reasonably valued at around 15 times its projected 2027 earnings and 12 times 2028 earnings, suggesting the stock is not overpriced despite the ... Read original →

Dan Loeb’s 15x forward P/E valuation for NVIDIA reflects a bet on sustained AI infrastructure capex. Technically, continued hyperscaler demand for H100/B100 chips forces TSMC to expand CoWoS capacity and accelerates co-development in optical interconnects and liquid cooling. Geopolitically, U.S. export controls inflate global supply chain redundancy costs, yet NVIDIA’s CUDA moat insulates its pricing power. Facing AMD’s MI300X and Intel’s Gaudi 3, NVIDIA is doubling down on Blackwell Ultra and custom inference ASICs—signaling a shift from raw compute scarcity to efficiency-driven competition. Over the next 12–24 months, while the AI super-cycle may plateau, NVIDIA remains the only semiconductor firm positioned to monetize capex from Microsoft, Amazon, and Google simultaneously, transitioning its valuation anchor from growth narrative to discounted cash flow.