It does have a business model, but that doesn’t mean it’s going to survive the bubble bursting.
Like, sure, this is selling shovels to gold prospectors. But, they’re also accepting loans from the prospectors and giving them shovels in the expectation of being paid back later. Plus they’re switching everything they do to shovel selling, and ignoring all previous businesses. I hope everybody with nVidia stock is slowly selling it off while it’s at a sky high valuation, because it’s going to make a dinosaur-killing crater when the AI bubble pops.
It does have a business model, but that doesn’t mean it’s going to survive the bubble bursting.
Like, sure, this is selling shovels to gold prospectors. But, they’re also accepting loans from the prospectors and giving them shovels in the expectation of being paid back later. Plus they’re switching everything they do to shovel selling, and ignoring all previous businesses. I hope everybody with nVidia stock is slowly selling it off while it’s at a sky high valuation, because it’s going to make a dinosaur-killing crater when the AI bubble pops.