@david_chisnall @feld @thomasfuchs Well that’s our own fault for speculating in an insane value ratio isn’t it? Yeah that $25 slog of Microsoft was of the ages wasn’t it?

I understand what you are saying but all of the value is not just AI. These companies do lots more than just AI and that value is there. So there is that. We also have had substantial inflation in the same time so you can’t conflate those too.

That’s why my estimates are down. Nvidia being so overvalued is a concern and I’ll cede that.