PETER THIEL ON $NVDA NVIDIA:
“The obvious monopoly is Nvidia, but it doesn’t seem that durable. If you thought Nvidia was as durable as Google, the stock is really cheap and you should buy it like crazy.”
Thiel is making a strong point here…
$GOOGL Google’s monopoly in search has lasted 2 decades. Although $NVDA has a monopoly on GPU’s, he’s questioning whether it’s as sustainable as Google’s monopoly. If it is, then the multiples on it will expand.
If it’s not, then we may see contraction eventually after demand weakens.
If you are very long $NVDA, you likely feel the demand isn’t slowing down for a long time.
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