I mean PE is accurate, but let's also not forget that hype, and future aspect leads to a PE vastly exceeding that of what the market actually expects. They exp

I mean PE is accurate, but let's also not forget that hype, and future aspect leads to a PE vastly exceeding that of what the market actually expects. They expect NVDA to not only dominate GPU market, but have a break through in AI or contribute to it, which would lead to way more money. Also have to look at the fact, any "AI" portfolio is going to be heavily weighted NVDA stock. And people who may be hedging against a raise in AI or buying into said raise are investing in AI portfolios/ETFs, and thereby a portion of that NVDA. It's not as simple as how the people above are explaining it.