This is not particularly about China though. its about overvaluation of a particular wave of businesses in one technology.
its VERY like the dotcom boom.
its VERY like the dotcom boom.
This is kind of feeling like that to me. When this is over, I'm wondering if NVidia doesn't come out even stronger than it was when we started? There's just something that smells way too familiar about what's happening.
I'm thinking one could wait for NVidia to become a victim of negativity hype, and I bet you could buy and go long at that point. If the market gets irrational and cuts 80% of NVidia's value, man, it's pretty hard to think up a better opportunity than that laying around? I guess we'll see what happens.