Nvidia and the AI bubble risk as its valuation nears $1 trillion

Latest Saxo Market Call Survey will be available until 1400 CET on May 25. If you haven't accessed the survey yet, don't miss out on your chance to provide feedback and drive the content of our next two Friday Listeners' Editions podcasts:  https://bit.ly/3OEFntn   - Link to slide deck: https://bit.ly/3IEHtoZ   -  Today we look at yesterday's session, which was mostly downbeat as US treasury yields continue to back up, but then with a huge change of tune in late trading on Nvidia results beating handily and guidance smashing expectations on company anticipating a bonanza of AI-related chip sales. We do a deep dive on the company's valuation and outlook and wonder, at 29.2 x sales (before the big jump after hours) whether the company's future growth can live up to the hype. Elsewhere, we look at another slide in copper prices, the performance of uranium prices and ETFs, key FX themes and much more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX. Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here. Click here to open an account with Saxo   - Intro and outro music by AShamaluevMusic