The problem with this hype cycle has always been that the hyperscalers are pouring unbelievable amounts of capital into a technology that hasn't proven it can generate the revenues needed to justify that.
Nvidia might have an ok P/E right now, but the question is if the industry can sustain buying over $50B of GPUs every quarter(or that it even needs to).
Nvidia might have an ok P/E right now, but the question is if the industry can sustain buying over $50B of GPUs every quarter(or that it even needs to).