Garth Friesen

Garth Friesen is a financial analyst and writer covering technology stocks, with a focus on artificial intelligence and semiconductors. He has been writing for Forbes since 2023, providing insights into the stock market performance of companies such as Nvidia, Microsoft, Apple and others. Garth's articles often explore the impact of AI on various industries and economies, as well as analyzing investment opportunities in the tech sector. With a deep understanding of financial markets and emerging technologies, Garth offers valuable perspectives to his readers.

Biography:  https://www.forbes.com/sites/garthfriesen/

74%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

75%

Examples:

  • According to a recent PWC report, AI is predicted to have a material impact on many aspects of society.
  • AI is predicted to increase productivity, raise GDP growth, contribute to scientific discovery, and improve the healthcare system. The study predicts AI has the potential to contribute 14%, or $15.7 trillion, to the global economy by 2030.

Conflicts of Interest

100%

Examples:

  • According to a recent PWC report, AI is predicted to have a material impact on many aspects of society.
  • AI is predicted to increase productivity, raise GDP growth, contribute to scientific discovery, and improve the healthcare system. The study predicts AI has the potential to contribute 14%, or $15.7 trillion, to the global economy by 2030.

Contradictions

85%

Examples:

  • Investors are debating whether to take profits on NVDA and the broader AI sector or stick with the theme that has driven most of this year's gains in the S&P 500.
  • Nvidia briefly surpassed Microsoft and Apple to become the world's most valuable company.
  • Nvidia shares are still up 156% year-to-date despite a recent dip.

Deceptions

45%

Examples:

  • Belief In New Paradigms AI is not the first technology to induce predictions of a materially altered future. Crypto was supposed to be the future of finance, and 3D printing was expected to revolutionize manufacturing. Neither crypto nor 3D printing has lived up to the initial hype.
  • From a valuation perspective, Nvidia is not cheap. According to Bloomberg data, NVDA's one-year forward price-to-earnings ratio is 47x, compared to 35.9x for the Philadelphia Stock Exchange Semiconductor Index, 29x for the NASDAQ 100 Index, 22.6x for the S&P 500, and 17.8x for the equal-weight S&P 500 Index.
  • However, history is a helpful guide. Typical characteristics are rapid and substantial price increases that outpace reasonable valuations; widespread investor enthusiasm and speculation, often accompanied by a fear of missing out and speculative behavior; and a belief in new paradigms, technologies, or economic conditions that create excitement about future growth prospects.

Recent Articles

NVIDIA's Dramatic Stock Drop and Amazon's Strategic Pricing: Tech Giants Adapt to Competition

NVIDIA's Dramatic Stock Drop and Amazon's Strategic Pricing: Tech Giants Adapt to Competition

Broke On: Sunday, 23 June 2024 NVIDIA's stock price plummeted by approximately $405 billion due to irrational market enthusiasm around AI, while Amazon focuses on maintaining its competitive edge through strategic pricing moves.