NVDA’s fundamentals make it deserve its market cap, I believe AGI is just a small part of all of this, no one has guaranteed it by a certain date, if a company like META can use NVDA GPUs to provide better tailored ads and improve their revenue, then boom their cap ex is justified AGI isn’t in the picture here. As long as earnings growth continues to justify capex on NVDA GPUs the whole story is intact.

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The problem is not a fear of short term uncertainty but an overconfidence in long term success. since you are a comp sci grad i’d expect you to understand how as of right now the expectation that infinite scaling won’t bring about agi (which is what investors are hoping for) So even if it was capable of replacing tons of relatively high level jobs with automation (and even that is being very generous) It in no way justifies companies like nvda making up a whopping 8% of the s&p500, like that’s insanely ridiculous and i’m not even counting amd and the other ones

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the current valuation on the main ai related stocks stems from the hype around “agi”. Also literally last comment i mention how it’s alright for automation but like, that’s it. It being the ultimate customer service/call center automation tool does not justify a 48% jump in the stock price of oracle, it’s actually ridiculous how obvious of a bubble this is

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Oracle earning calls in a nutshell. Altman said agi with another trillion dollars. Trillion dollars booked in the future bro.

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This is the race to AGI, potentially the last great tech race, the money will keep coming. ORCL multicloud revenues up 1529% year-over-year. No one can risk not being balls deep in this.

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Good question if we get AGI and no handouts (UBI)

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