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Daniel Newman, CEO of The Futurum Group, praised Nvidia Corp. (NASDAQ:NVDA) for its strategic investment approach, despite concerns about an AI bubble.
Newman took to X on Sunday to laud the tech giant for using its free cash flow to invest in the ecosystem that will enable it to grow larger and generate more cash flow.
He stated, “AI Bubble bears will call it circular financing. I call it prudent investing.”
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