I used to distinguish investing from gambling, but I view them as the same thing now. Many are just chasing meme stocks at this point whether they’re labeled as such or not. Apple makes more profit in a year than NVIDIA’s forecasted top line revenue for FY2025 but their market cap is now eclipsed. It seems that concrete metrics like this are irrelevant relative to pure human emotion when it comes to estimating fair market valuation. So much so that a stock can be valued by trillions of dollars more than what you might calculate based on these business metrics.
Amen. Boom and bust. Cycles of greed and overcautiousness. Like the Big Bang and collapse, ad infinitum. It may as well be the universal truth.
Be cautious of the rapid rise. Wonder how much of this is due to marketing: stock split and Jensen visiting Taiwan. Thousands of retail investors who don't understand technology will substantially invest due to social media and FOMO, same hype methods as Cathy Wood and Tesla during covid. Don’t be surprised if it crashes ~50% within next year...