Take a look at the PE ratio of NVIDIA. Even the forward looking ratio is 50 to 1. That means it’ll be 50 years of next years earnings to break even (if only counting earnings). Let’s say they do better and earnings turn out to be 5x the projection. You’re still counting on a fantastic decade of performance.
This is all large to mega-cap tech at one point or another. Nothing is “fairly valued.”
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