Prof G Markets · Friday, October 30, 2026
Josh Brown pushed back against claims from Ken Griffin and Ray Dalio that the tech market is in a bubble, pointing out that semiconductor stocks and tech giants are trading at historically low forward P/E ratios and boasting massive earnings growth.
“If it is a bubble... It is the most pathetic bubble I have ever seen in my life. We are discounting. We are factoring in growth skepticism every single day the market is opened. It is an anti-bubble.”
“NVIDIA's forward P.E.? is 15 times earnings. This is the lowest valuation, I think, in history on a forward earnings basis. you have ever had the opportunity to buy NVIDIA.”