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The Latest Breaking News from David Trainer

Elon Musk’s dream merger is a nightmare for SpaceX shareholders

But Tesla shareholders should be cheering on the combination, especially if they get paid a fat premium.

Fortune · Oct 22

Michael Burry is ‘tempted’ to face Elon Musk’s wrath, but says SpaceX put options aren’t enticing enough for ‘fundamentally a small space company’

“I am not involved with SpaceX now. Neither short nor, ahem, long,” wrote Burry.

Fortune · Jun 17

SpaceX needs to grow at a rate no company has ever achieved to justify a $1.75 trillion valuation

SpaceX's valuation will set the bar for what the must achieve going forward to reward investors.

Fortune · Jun 6

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Elon Musk wants to merge SpaceX and Tesla into a $3.4 trillion giant. The problem: it would lose money from day one

A SpaceX-Tesla union would mark by far the largest merger of all time.

Fortune · May 31

'We recommend that investors avoid this IPO': One top analyst's harsh verdict on SpaceX

Research firm CEO David Trainer says SpaceX's $1.75 trillion IPO valuation is mathematically indefensible

Fortune · May 29

SpaceX's $80 billion IPO has a catch: 78% of the money is already spoken for

Investors rushing into SpaceX's blockbuster IPO may not realize how little of the record-breaking raise will actually go toward the company's future.

Fortune · May 28

Elon Musk's SpaceX IPO filing just told us what business he's betting on for the future—and it's not rockets

Elon Musk's creation has essentially re-invented itself from a commercial space pioneer facing little competition, to an AI-centric player battling all the hyperscalers.

Fortune · May 23

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5 stocks to buy—and 5 to avoid—if 2026 brings a downturn

Plus the outlook for Bitcoin, gold, and the IPO market in the year ahead.

Fortune · Nov 20, 2025

Nvidia stock forecast: BofA sets new price target of $150

Analysts write that write that while Nvidia stock's steep climb make it "vulnerable" to profit taking, any volatility is likely to be short-lived.

Fortune · Jun 21, 2024

Nvidia stock forecast: After rising more than 200% in a year the chipmaker could be fabulously profitable, an AI leader—and an extremely poor investment

As one skeptic notes, margins the size of Nvidia’s don’t last long: “That’s analyst training 101.”

Fortune · Jun 13, 2024

Nvidia's revenue just soared 206% year-over-year—but its stock is dropping. It could have to do with a valuation 'disconnected from reality,' says noted skeptic analyst

New Constructs’ David Trainer warns that Nvidia’s stock is “priced for perfection” in a world where the ideal is a rarity at best.

Fortune · Nov 22, 2023

Nvidia CEO Jensen Huang says his AI powerhouse is ‘always in peril’ despite a $1.1 trillion market cap: ‘We feel it’

“We don’t have to pretend the company is always in peril," said Huang. "The company is always in peril, and we feel it.”

Fortune · Nov 11, 2023

Stock Market Today: Stocks Erase Nvidia Gains Ahead of Powell Speech

All three main benchmarks opened solidly higher Thursday, but ended the session with notable losses.

Kiplinger · Aug 24, 2023

Nvidia’s A.I.-fueled profit beat has investors cheering—but a deeper analysis shows serious valuation problems

"Nvidia's valuation is ridiculous," says analyst David Trainer. "People should not be chasing this stock before it drops by around 80% to below $100."

Fortune · Aug 24, 2023

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Fortune · Aug 24, 2023

Nvidia earnings hailed as historic moment for tech, but some warn A.I. is reaching fever pitch—‘this level of hype is dangerous’

At the chipmaker's current stock price, revenue may need to jump 20% a year for the next two decades just to reward investors.

Fortune · Aug 23, 2023

A.I. could boost earnings nearly 20% by replacing human jobs, Goldman says. These are the short- and long-term winners of the boom

Goldman’s vice president of U.S. equity strategy, Ryan Hammond, believes an A.I.-enabled productivity and cost-cutting boom will boost corporate earnings for years to come.

Fortune · Jul 20, 2023

5 reasons why Tesla stock is worth just $26 per share, according to New Constructs' David Trainer

Trainer warned that Tesla would have to earn twice the annual profit of Apple by 2032 to justify its current valuation.

Fortune · Jul 2, 2023

A.I. hype could signal the start of the ‘fourth industrial revolution’—or it could be investor ‘FOMO’ warping the market with trillions at stake

The A.I. 'hype curve' could be nearing its peak and investors expecting the 'greatest thing since sliced bread' may end up disappointed.

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news in one place.

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Cinemablend · Jun 30, 2023

Boy Meets World’s Original Topanga Actress Opens Up About Why She Was Fired, And Danielle Fishel Had Thoughts

Boy Meets World's original Topanga Lawrence actress opened up about why she was fired, leading to some thoughts from Boy Meets World alum Danielle Fishel.

Kiplinger · Jun 15, 2023

Stock Market Today: Stocks Climb After Solid Retail Sales, Cava IPO

It was a busy day of economic data, with most of Wall Street focused on May's stronger-than-expected retail sales report.

Fortune · May 29, 2023

A.I. boom in tech is 'not a bubble yet,' says Jeremy Siegel

Rosy guidance from chipmaker Nvidia last week helped spark the third-largest single-day jump in market value in U.S. history.

Fortune · May 25, 2023

Nvidia stock gained $184 billion in a day, vaulting it past Tesla. But a top analyst now calls it ‘priced for fantasy.’

David Trainer, founder of investment research firm New Constructs, ran a model showing Nvidia stock is unlikely to reward future investors at this level.

Kiplinger · May 11, 2023

Disney Stock Tumbles: Time to Buy?

Analysts say Disney stock is a buy on weakness after shares sell off on a subscriber miss.

Kiplinger · Apr 20, 2023

Stock Market Today: Stocks Struggle After Tesla Earnings, Economic Data

Signs that consumer demand is weakening and the economy is slowing weighed on the major indexes Thursday.

Fortune · Apr 20, 2023

Tesla’s stock is plummeting. Here’s why one analyst thinks it’s ‘one of the most overvalued’ on the market and could drop another 80%

David Trainer, CEO of investment research firm New Constructs, warns that Tesla stock is “highly overvalued” and could sink to $28 per share.

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