My point of view why NVDA SP is so inflated.
Intel during PC boom had CPUs and other peripheral chips in every single PC, during the shift to laptop it was almost a monopoly before other companies got caught up after a decade or more, the addressable market for these product was exponentially large compared to NVDA use case, they were making truck loads in profits, because most of them in the world had one or more, yet intel was never beyond 300 billion in MC, the came the smart phone revolution which was much much bigger than anything this world has ever see in terms of mass adoption, intel could not make any viable impact, but Qualcomm and others very agile to put their processors in almost all of the billions of smart phones sold across the world and yet Qualcomm MC was only a fraction compared to what NVDA MC today is, case in point the addressable market for AI hardware comparatively is much much smaller compared to the PC, Laptop and smartphone market. $Intel(INTC)$
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