Nvidia profits during AI madness last year = $65B (last 4 quarters)
Nvidia profits during normal year = $5B
This stock could drop 90% from here, and still be expensive. The numbers are absolutely crazy and make no sense at all.
Stargate project is aiming to invest $500B over 4 years. Those $500B are a pipe dream, but let's suppose for a second that all of that $500B will be Nvidia profits and that we will have another Stargate project in 4 years, again resulting in a direct profits of $500B for Nvidia.
And you know what ? In that scenario Nvidia would STILL be overvalued by historical standards !
EDIT: Changed $30B from the fiscal year, to $65B for last 4 quarters.
Nvidia profits during AI madness last year = $65B (last 4 quarters)
Nvidia profits during normal year = $5B
This stock could drop 90% from here, and still be expensive. The numbers are absolutely crazy and make no sense at all.
Stargate project is aiming to invest $500B over 4 years. Those $500B are a pipe dream, but let's suppose for a second that all of that $500B will be Nvidia profits and that we will have another Stargate project in 4 years, again resulting in a direct profits of $500B for Nvidia.
And you know what ? In that scenario Nvidia would STILL be overvalued by historical standards !
EDIT: Changed $30B from the fiscal year, to $65B for last 4 quarters.