Loeb Calls Nvidia Undervalued Despite Being Largest Entity in Human History

Dan Loeb made the contrarian claim that Nvidia is currently undervalued despite its unprecedented multi-trillion dollar valuation. He argued that long-short hedge fund structures force managers to short something, making Nvidia a 'safe short' similar to how Google and Amazon were wrongly shorted in the past, and predicted Nvidia will eventually break out from its current valuation.