No.
Palantir, possibly the most overvalued company on the stock marker, has P/S 63 and P/E 144.
Nvidia has P/S 21 and P/E 33.
Palantir, possibly the most overvalued company on the stock marker, has P/S 63 and P/E 144.
Nvidia has P/S 21 and P/E 33.
Apart from Palantir and Tesla, the other big companies are trading at what would historically be considered reasonable P/Es given their growth rates and profitability.
What's really changed in the last 20-30 years is the incredible profit generated by the tech industry, and the defensive moats the biggest companies have built.
Of course, it shares the same reality distortion field.
This 100 is really an outlier.