Gerstner asks whether the zero-rate bubble matched 1999 and if it requires four to five years to clear.
“And will it take us the same four or five years that it took in 1999 for the world to work through that entire, backlog?”
Gerstner argues NVIDIA at 23-24x next year's earnings and 18x 2027 earnings isn't bubble territory.
“I think it's trading at 23, 24 times fully taxed earnings on next year's numbers, 18 times on 27 numbers. That is not the stuff that bubbles are made of.”