...understand the meaning of FRONT-RUNNING and you'd know that stock prices impute future rosy outlook well ahead of time in their valuations before the technology becomes mainstream.
...otherwise Tesla would not be trading with declines this year even as EVs continue to grow. People forget that Tesla valuation at one stage used to be worth more than all the major auto makers market cap collectively. Similar today that NVIDIA's market cap is larger than the entire market cap of the German DAX.
...it won't be very long that NVIDIA can't keep pace. That's why Jensen himself has unloaded his shares - it would be stupid not to.
...for most of us, when the going gets so good, we want to believe it would be perpetual and when the first correction arrives, the denial stays, and when the second correction arrives, the denial is even stronger, then when there is no recovery, the denial starts to fade but that would be 40-50% off at that point.
As a once-legendary fund manager told me in 2000, "You don't understand, it's different this time. The Internet changes everything."
https://x.com/McClellanOsc/status/1802088259566375412
...understand the meaning of FRONT-RUNNING and you'd know that...
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