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Why not? The P/E ratio went from 55 to 47, my back of the napkin approximation interprets that as the market expecting ≈ 4%/year reduction in forecasted earning
by guelo 2y ago
Why not? The P/E ratio went from 55 to 47, my back of the napkin approximation interprets that as the market expecting ≈ 4%/year reduction in forecasted earnings. Which actually seems conservative if the market is digesting the news that LLMs are hitting scaling walls.
- borgdefenser 2y agoI just don't think this is true though. I actually got long more NVDA on the pullback. Sonnet 3.7 is unbelievable. It would hardly be shocking though if OpenAI hits a wall. I couldn't get an invite to Friendster, I loved Myspace, I loved Altavista. It is really hard to take the early lead in a marathon and just blow every out of the water the whole race without running out of gas.