If we're going to see an AI spike and bust, we're just at the beginning of it. Nvidia is pricing on actual revenue growth (~16%?) and projected growth (~20%).

If we're going to see an AI spike and bust, we're just at the beginning of it. Nvidia is pricing on actual revenue growth (~16%?) and projected growth (~20%). Since 2016 they've been killing it. AI will turn into a bubble when unrelated companies begin being priced like that, without historical or current revenue growth to back up their projections, simply by virtue of being AI-associated.