> If you think there is a chance that everyone gets bored of AI and moves on to some other fad that is not in Nvidia’s wheelhouse, then it’s probably down from here.
You may wish to look at history to see how things can work out: Cisco had a P/E ratio of 148 in 1999:
The share price tanked, but that does not mean that people got bored of the Internet and the need for routers and switches. QCOM had a P/E of 166: did people decide that mobile communications was a fad?
The connection between technological revolutions and financial bubbles dates back to (at least) Canal Mania:
You may wish to look at history to see how things can work out: Cisco had a P/E ratio of 148 in 1999:
* https://www.dividendgrowthinvestor.com/2022/09/cisco-systems...
The share price tanked, but that does not mean that people got bored of the Internet and the need for routers and switches. QCOM had a P/E of 166: did people decide that mobile communications was a fad?
The connection between technological revolutions and financial bubbles dates back to (at least) Canal Mania:
* https://en.wikipedia.org/wiki/Canal_Mania
* https://en.wikipedia.org/wiki/Technological_Revolutions_and_...
It is possible for both AI to be a big thing and for NVDA to drop.