Paul Meeks Calls Nvidia’s Valuation ‘Stupid’ and Says He’s Buying Shares

Freedom Capital technology research head Paul Meeks said he was buying Nvidia shares after their decline on Thursday, Nov. 12, and called the company’s valuation “stupid.”

Meeks said he was buying “with both hands.” He also said Nvidia traded at 10 times fiscal 2028 earnings estimates. The multiple compares the stock price with an earnings estimate; Meeks referred to estimates for a future fiscal year.

His comments came during a November decline in Nvidia shares. The company’s market value had fallen below $4 trillion in an earlier account of the drop.