Nvidia stock is a bubble waiting to burst – and the AI rush may be a modern version of 17th-century tulip mania, note says

• Nvidia's stock price has become a bubble, according to Rebellion Research.
• Shares could soon crash like 17th-century tulips or 1990s dot-com companies did, the think tank said.
• The semiconductor giant has soared 180% this year, thanks to the rise of generative AI.

Nvidia's stock has soared so high this year that the semiconductor giant now trades at a bubble-level valuation reminiscent of 17th-century tulips and late-1990s dot-com companies, according to Rebellion Research.

Shares have jumped 180% to $410, but the think tank said earlier this month that the stock is now hugely overvalued and could crash at any time.