I mean, you've got the gist of it. I pulled some reports on silicon production, silicon waver prices and price trends, current fab capacity etc..

My back of the napkin basically suggested that silicon production would need to 4x and fab capacity 4x (neither of which are happening) and NVDA with would have to capture all of that to justify their current price. I didn't bother writing it up, just looked at it mostly because I was on the wrong side of that play. It's something worth considering for sure.