But the current stratospheric runup in its stock price—which has made it the third most valuable company in the world as of this writing, larger than Amazon or Alphabet—will in retrospect look like irrational exuberance.
None of this is to say that Nvidia will not still be an important part of the AI ecosystem in 2030. But the current stratospheric runup in its stock price—which has made it the third most valuable company in the world as of this writing, larger than Amazon or Alphabet—will in retrospect look like irrational exuberance.