$NVIDIA Corp(NVDA)$ It’s in a sweet spot at the moment but that never lasts other competitors will produce similar products at lower prices. You do not need blackwell’s for everything.
There is a danger many of the hyperscalers are spending money on reading and storing garbage which is not AI and information is not intelligence. Looking at the historic earnings Nvidia is trading at c99 x does anyone seriously think it will be the market leader next century and that no other competition or technology will overtake it?
It is always the nature of the markets that FOMO pushes values too far and they come back down. This separates long term investors who can see further than the end of their nose from speculators that think everything can go to the moon and can’t read an annual report.
I think we have seen it’s all time high and Jensen can say insane as many times as he likes but the scale of spending will drop soon and the pricing power along with it.
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