Sameer Arora, founder of Helios Capital, claims that US technology stocks like Google, Nvidia and others are not worth much to Indian investors like him. Arora took to microblogging platform ‘X’ (formerly Twitter) to list the PE of major US tech stocks. “Indian investors like me won’t think they are overvalued,” Arora said. The list of American tech giants given by market experts is as follows:
Arora responded to a post by SEBI-registered research analyst Sandeep Sabharwal, who claimed that US technology stocks are overvalued and the only major risk to the global equity rally. According to Sabharwal, the US Federal Reserve did not say that they are going to increase interest rates. All they said was that they would lower rates at a slower rate than before.
“This is not necessarily negative, as it will prevent any large commodity increases, which could lead to higher inflation. The market will soon find its feet,” he said.
