But even that isn't really true since Nvidia P/E was unreasonably high even 4 years ago. So how is this not lying to investors (a thing that is illegal)?
Because a PE is a fact not an interpretation.
It's interesting how people who stare only at P/E make consistently bad investment decisions. Perhaps P/E is not such an important indicator overall?
I agree. But that still doesn't make it a lie or illegal.