this post was submitted on 27 Jun 2024
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Is Nvidia stock overvalued? It depends on the future of AI. (www.vox.com)
submitted 1 year ago by jeffw@lemmy.world to c/business@lemmy.world
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[–] Spuddlesv2@lemmy.ca 19 points 1 year ago

So, then yes it is overvalued.

[–] EgoNo4@lemmy.world 14 points 1 year ago

Yes, yes it is.

[–] hitmyspot@aussie.zone 3 points 1 year ago

Lol, is a lottery ticket overvalued. Not if it wins, but definitely if it loses.

[–] Gradually_Adjusting@lemmy.world 2 points 1 year ago

"AI", if it ever does get invented, will be world changing (note the deliberately value-neutral term).

The value of NVIDIA depends on AI being increasingly costly to compute.

This, in particular, is not a foregone conclusion.