Nothing will last forever[Facepalm]
Nvidia's Stock Is Soaring Largely Thanks to Microsoft, Alphabet and Tech's Other AI Giants. That Won't Last
Companies are spending big to develop their own AI chips so they don't have to keep paying Nvidia. Within a few years, AI chips will sell at a small fraction of Nvidia's 'only game in town' price.Artificial intelligence and seven stocks have been driving the U.S. market's performance for a while. I agree with the market - these companies are magnificent. I'd want my kids to work for any of them.But there's a magnificent difference between a magnificent company and a magnificent stock - the difference lies in magnificent valuation. The price you pay for the shares of a company, even the magnificent ones, matters. Of course, I could have written these same words about Nvidia when its shares were much lower. I'll always look dumb questioning apostasy until I'm not. I'm used to it.Then the conversation shifted to the stock market and, of course, Nvidia. He asked me what I thought about it.Let me explain, using Alphabet as an example: Nvidia is currently selling some of its AI microproce
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