>>62274502>circular deals>earnings come from a bunch of money-losing AI companies that need to raise hundreds of billions just to pay their bills
>>62274524Well as long as they raise it its the problem of the people who gave them money.
>muh eps>muh pe>muh peg>muh 200 day maAny argument that reduces the market or a part of it to a single thing is almost entirely useless.
But another famous 90's company Enron was a bubble driven by increased earnings
>>62274685Good point
>>62274502
>>62274502That is only a valid point if you assume the earnings are sustainable. Nvidia's current earnings are driven by the combination of AI hype and market concentration, neither of which seem likely to last
