It was exactly like that in the 90s and 2020-2021, or even worse. Nvidia is making a lot of money. Sure its valuation is completely unreasonable - it is a bubble. But the company is good.
In the 2020-2021, there were a lot of companies with little or no profit, that prices skyrocketed based on nothing in some cases, or on projections of current growth, which was from very low levels so very high in %, to a long period of time. Remember Peleton ? Zoom ? Or even Tesla ?
In the 2020-2021, there were a lot of companies with little or no profit, that prices skyrocketed based on nothing in some cases, or on projections of current growth, which was from very low levels so very high in %, to a long period of time. Remember Peleton ? Zoom ? Or even Tesla ?