The AI boom is very real. And much more pragmatic than the crypto or metaverse booms. The problem in the long run is the valuation. Its effectively a greater f

The AI boom is very real. And much more pragmatic than the crypto or metaverse booms. The problem in the long run is the valuation. Its effectively a greater fool trading scheme for the next while here, as earnings are almost certainly not going to grow to support current valuation within the next decade or two. If you think all the FAANGs and AMD will sit by and accept NVDA being the monopoly provider of AI compute (not to speak of recent success using CPU+SIMD), then by all means, buy and hold at these levels. The higher NVDA margins go, the more antagonistic the rest of the market will be to undercut them, e.g. via better support for AMD cards, building their own, or otherwise.