Betting against the stock of a company like Nvidia -- with powerful financial performance and demand dynamics and a reasonable valuation -- is very risky.
The tech-heavy Nasdaq Composite index had its worst week since April, which was sparked by the revelation of a well-known hedge fund manager's bearish bets on popular AI stocks Nvidia and Palantir.
Celestica stock probably isn't well-known among U.S. investors because the company is based in Canada. But it's easily bought because it trades on the New York Stock Exchange.
Prediction: Nvidia stock will increase by about seven to 17 times in five years, depending upon the level of competition and assuming the U.S. economy remains at least relatively healthy for most of this period.