The issue is that the market doesn't necessarily react rationally. The fact that OpenAI valuation raises was very understandable (but not easy to invest in pra

The issue is that the market doesn't necessarily react rationally. The fact that OpenAI valuation raises was very understandable (but not easy to invest in practice + the corporate structure is shady). However, Nvidia, it's a very optimistic hype, as the cards are very likely to get replaced with more specialized AI chips in the near-term. Probably by Apple first, then whoever wakes up. Also, once you built your big datacenter with all these cards, then you don't renew them every year.