ValuAnalysis research: Nvidia, Amazon and Tesla not in tech bubble

Free net cash flow to assets increasing over time

Amazon generates about $21bn of normalised net free cash flow, according to ValuAnalysis

Amazon generates about $21bn of normalised net free cash flow, according to ValuAnalysis

Shares in the likes of Nvidia, Amazon and Tesla may "extravagantly priced" but there is a rationale behind their high market values, according to new research from London-based boutique ValuAnalysis.

The firm cited previous research on the relationship between growth and price, where the relationship flattens as growth gets higher. This suggests investors tend to discount high-growth companies compared...

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