Alright, let's get this straight. Nvidia's still the golden child of AI, huh? We're supposed to believe that everything's sunshine and rainbows because they make the chips that power the latest AI toys? Give me a break.
I'm seeing headlines like "US markets today: Nvidia and AI stocks lift Wall Street even as most shares decline; Dow dips, S&P 500 nears record high" and "AI boom continues, suggesting many bright days ahead for Nvidia." It's all a bit too… convenient, ain't it? Like the entire market is being propped up by one company riding a wave of hype.
The Hype is Real, But So Is Gravity
They went from video games to AI overlords. Fine. They made CUDA. Okay. They update their GPUs annually. So what? Every tech company promises innovation, and half of them are lying through their teeth.
"Orders for its current Blackwell platform as well as the upcoming Rubin system bring it to half a trillion dollars in sales from now through 2026," Nvidia claims. Half a trillion? That's a number so big it's practically meaningless. It’s like saying “we’re gonna make all the money!”
And that Microsoft deal with IREN? Almost ten billion bucks to get access to Nvidia's chips. IREN shares jump almost 19%? Sounds like a bubble inflating to me. What happens when the AI winter comes? Because it always does. Tech is cyclical. Remember Web3? The Metaverse? Anyone?
Here's what really grinds my gears: We're all just blindly accepting this narrative that Nvidia is untouchable. That their chips are the only chips that matter. That AI is the future and Nvidia is the gatekeeper. Are we even asking the right questions? Like, are there really no competitors nipping at their heels? Or is everyone just too busy chasing the shiny object to notice?
Offcourse, the article mentions that Nvidia's trading at about 44 times forward earnings estimates. Reasonable? Maybe. But "reasonable" in this market feels like a dare.
The Illusion of Control
I saw one analyst warning that "valuations are running hot" and that a correction could follow. You don't say? It's like pointing out that the sky is blue.
Beyond Meat fell 11.7% after delaying its earnings report? Good. Serves 'em right for that meme stock nonsense. What were they thinking? A 600% surge based on internet hype? Seriously?
And Kimberly-Clark buying Kenvue for almost 50 billion? So, Band-Aids and Tylenol are worth that much? Maybe I'm in the wrong business. Wait, no. I'm definitely in the wrong business. I should be selling overpriced bandages.
The article says "Should You Buy Nvidia Before Nov. 19?" See, that's the kind of lukewarm advice that makes my blood boil. It's like saying "the food is edible, but don't expect a Michelin star." What's the point?
Then again, maybe I'm just being cynical. Maybe Nvidia really is the future. Maybe AI will save us all. Maybe pigs will fly.
