New Delhi, Aug. 28 -- PayPal co-founder Peter Thiel has sounded a warning to investors, suggesting that buying Nvidia stocks now may not be a good enough choice.

Indicating that Nvidia stock may no longer be a good bargain, Peter Thiel also acknowledged the AI chipmaker's mega performance at Wall Street.

"Maybe a year ago or two years ago, Nvidia would have been a good buy," Thiel said speaking at the All-in Summit in September 2024, according to a recent report by Bezinga.

"Now everyone knows they're making too much money and everyone's trying to copy them," he added.

Comparing the rise of the Jensen Huang-led company to the "dotcom" bubble, Thiel noted that the current climate feels "uncomfortably close to 1999."

PayPal co-founder ...