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cailianshe news, september 4 (editor: bian chun)bill blain, founder of wind shift capital and a senior financial strategist, said:nvidia stock is sending investors a "sell" signal。

bryan said in a note on tuesday:nvidia's sky-high valuation has made many of its employees very richhe pointed to a recent survey that found that 40% of nvidia employees have a net worth between $1 million and $20 million, and 37% have a net worth of more than $20 million.

that leaves less than a third of nvidia’s employees “facing real financial stress on a daily basis,” bryan said. he wrote in the report:

“do you think that poor quarter of nvidia’s employees are really going to fight tooth and nail for someone who is already wealthy and very motivated to protect their wealth and status? do they think nvidia stock is going to go up another 700%?

will they be willing to remain extremely poor relative to their colleagues and bosses? or, more likely, will the vast wealth in the office mean that poorer but still highly motivated workers will find that their chances of acquiring wealth are better elsewhere?”

as bryan issued the above warning, large technology stocks fell collectively.nvidia's stock price plummeted 9.53% on tuesday, and its market value evaporated by about us$279 billion (about rmb 1.99 trillion) in a single day, setting a new record for us stocks.。

on the same day, it was reported that the us department of justice had issued a subpoena to nvidia to find evidence that the artificial intelligence chip giant had violated antitrust laws.

nvidia's stock price has continued to fall since its earnings report last wednesday, highlighting investors' concerns about the company's overvaluation and slowing revenue growth guidance. however, nvidia's stock price has still risen by 124% since the beginning of the year.

the us stock bull market has peaked

bryan also said,nvidia's massive valuation could also signal a top for the broader stock markethe said that while investors expect significant rate cuts over the coming year, the fed's easing may be "limited," and he believes that interest rates of 4%-6% will become the new normal for the market.

“some believe the fed’s promised rate cuts later this month will bring unbridled joy to the market. (i think this may still be a sell-the-fact moment.)” bryan said. “many, including me, believe that a new long-term economic cycle could reverse the past 40 years of muted inflationary pressures.”

bryan said the market's current long-term cycle began in the 1980s, when inflation steadily declined after a difficult decade.the market could enter a new cycle as early as 2025, citing inflationary pressures from geopolitical tensions, commodities and rising u.s. debt.。

“i just found the best reason to sell nvidia, confirming we are at the top of the market. what happens next? will there be a 20-year super cycle of inflation, rising interest rates and global commodities as countries compete for future strategic resources?”

some other strategists have also warned that inflationary pressures will persist even though price gains have retreated from their peak in 2022. blackrock strategists have previously predicted that inflation could pick up again, pointing to the potential for a sharp surge in oil prices and the risk of demand outstripping supply in the u.s. economy.