3 Chip Giants Still Worth Buying Despite Massive Gains
Key takeaways
- Dave Kovaleski, The Motley Fool Tue, June 23, 2026 at 10:35 PM GMT+7 5 min read ^GSPC NVDA The S&P 500 is overvalued, according to its cyclically adjusted price-to-earnings (CAPE) ratio, which is historically high at 41.
- That is impossible to know, because this is a different market and the current boom is generated more by real earnings, thanks mainly to AI, than speculation.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
Dave Kovaleski, The Motley Fool Tue, June 23, 2026 at 10:35 PM GMT+7 5 min read ^GSPC NVDA The S&P 500 is overvalued, according to its cyclically adjusted price-to-earnings (CAPE) ratio, which is historically high at 41. That is the highest it s been since the 1999-2000 dot-com boom. We all know what happened after that peak.
Are we on a similar track right now? That is impossible to know, because this is a different market and the current boom is generated more by real earnings, thanks mainly to AI, than speculation.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »