this post was submitted on 14 Sep 2024
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Sure but the evaluations of the magnificent seven stocks makes no sense at all. Nvidia price to earnings is at 55, which means it will take 55 years before the current stock value matches its actual value.
It's common for tech companies to be valued higher than their worth because of future profit possibilities, but Im 100% confident AI won't give the effects in extra sales that the market hopes for.
Consumers actually try to avoid most the Ai crap. Only some of it is marginally useful. Maybe it will become more useful, or maybe not.
The market can stay irrational longer than you can stay solvent. Etc etc.