The catch is that there are >10 startups and big-tech teams trying to do what OpenAIs is doing, and at least a few of them appear to be competitive. One or two of them may emerge as a winner. But there's only one Nvidia.
With that said, I do believe Nvidia is overvalued - if it triples profit its PE ratio would still be 30 (i.e. 30 years to return on investment), while there's a fairly good chance someone would catch up to them in 10-20 years.
With that said, I do believe Nvidia is overvalued - if it triples profit its PE ratio would still be 30 (i.e. 30 years to return on investment), while there's a fairly good chance someone would catch up to them in 10-20 years.