Without being in the shorting game, I can very much relate to your Nvidia take. Reg: AI hype:
It is unfortunately absolutely true that every f*ckn company wants to ride it, if only for PR reasons. This morning in Cologne waiting for the bus I saw an ad the KVB is using AI. We all would be very happy if they would just use simple basic 'I'. In the year 2023 (that is today) they still are unable to inform passengers properly about canceled journeys and everything, a proper app is elusive! But AI!
At a recent dinner I was surprised to hear from many people that their brokers had built them large positions in Nvidia. I think your take is spot on. Like Cisco back in the day, it's a very high quality company doing great things and it will be around for a long time... but there's no way to justify the price and it's highly likely that anyone buying at this level will be disappointed in the long run.
Without being in the shorting game, I can very much relate to your Nvidia take. Reg: AI hype:
It is unfortunately absolutely true that every f*ckn company wants to ride it, if only for PR reasons. This morning in Cologne waiting for the bus I saw an ad the KVB is using AI. We all would be very happy if they would just use simple basic 'I'. In the year 2023 (that is today) they still are unable to inform passengers properly about canceled journeys and everything, a proper app is elusive! But AI!
Yes everyone is riding the hype. Find it baffling because it gets used for everything. Automation is AI, graphics is AI.
At a recent dinner I was surprised to hear from many people that their brokers had built them large positions in Nvidia. I think your take is spot on. Like Cisco back in the day, it's a very high quality company doing great things and it will be around for a long time... but there's no way to justify the price and it's highly likely that anyone buying at this level will be disappointed in the long run.
Brokers want people to trade a lot, so they buy story stocks.