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People are expecting more than 20% net income increase. Whenever a PE looks expensive people are expecting very large increases in E. They aren't just trying t
by danielmarkbruce 3y ago
People are expecting more than 20% net income increase.
Whenever a PE looks expensive people are expecting very large increases in E. They aren't just trying to buy expensive stuff.
- yCombLinks 3y agoMany, many people are not looking at PE at all. They are buying into momentum alone, or just buying because it's in the news a lot. AI may change the world, but it's currently a bubble figuring out how to inflate.
- danielmarkbruce 3y agoIt's implied in the above is that it's for anyone paying attention to E. Practically everyone understands that for every conceivable reason there is a buyer buying for that reason somewhere. You may think it's a bubble. It's not obviously a bubble to anyone who understands the current capabilities and how locked in nvidia is with their gpus and cuda. It might end up being expensive in retrospect. It might not.