Nvidia is a profitable success story no doubt about that.
Putting things in perspective.
Profit:
Its NPAT after tax per share $5.98x4/10 = $2.38 which puts its $127.40 share price on a PER of 54 which isn't at all excessive for a company growing profits so rapidly.
Share price growth:
It went from 14 cents to $14 in 18 years thats doubling every 2.8 years which is pretty impressive.
More remarkable it jumped from $14 to $127 in 19 months. Thats doubling every 6 months.
Good companies can do that. My new lobster pot went from 5c to 65c in 18 months.
Can HGO do 7c to 63c in 19 months. Possibly but a big ask unless Bob Fulker fills the plant or announces a mother lode MRE from the deeps or the Magnetic Survey results from the S E tenements come up trumps with big blobs of < 20 ohm resistance..
