Gerstner argues used car prices jumped from $20,000 to $29,000 due to stimulus.
“The price for a used car was $20,000 for ten years. And then just coincidentally, alright, they give us a bunch of Red Bull and the price goes to $29,000.”
Gerstner notes Nvidia at $195 trades lower than six months ago at 13-14 times fully taxed earnings.
“At a $195, Nvidia is trading lower than it was six months ago. So it's hard to say at 13 or 14 times fully taxed earnings”