So, then yes it is overvalued.
this post was submitted on 27 Jun 2024
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Yes, yes it is.
Lol, is a lottery ticket overvalued. Not if it wins, but definitely if it loses.
"AI", if it ever does get invented, will be world changing (note the deliberately value-neutral term).
The value of NVIDIA depends on AI being increasingly costly to compute.
This, in particular, is not a foregone conclusion.