I disagree.
I remember when AMD stock was $2 a share, not that long ago. I bought it at $8. They were basically dead to investors, and unlike Nvidia, they had very little market share in anything or hope of crawling out. But the company itself was still operating.
Even if AI disappears in a puff of smoke, even with their risky “vibe revenue” financing, Nvidia is in a far stronger position than that. They have cash, they aren’t under a pile of debt, and they have tons of diverse non-AI revenue, including oldschool HPC datacenters.
In other words, the stock market is not the real world.
Exactly.
It’s not that I’m indifferent to OF; the idea of getting in such a relationship actively creeps me out. And I’m already pretty messed up.