I still struggle with how and where AI is going to generate the profits being baked into some of these stocks. Semi chips are a commodity, always have been. It will just be a matter of time before the competition catches NVDA in product performance, which is why they are trying to integrate it into the software recurring revenue model.
NVDA is like all stocks that rocket straight up. TSLA was the last one I can think of. You end up with two groups of people, defenders and haters. Defenders feel they have won, as it is now a $3T company. Haters look at the chart and say "no way it is worth that". (I consider myself a "skeptic", not full hater

). I want to hear a coherent, objective argument on a path for profitability for the NVDA (or the entire space) and all the great benefits everyone is going to get that justifies this being $5T in a few years. I don't want to hear buzz words or acronyms or consultant speak. I just need someone to explain it like they are talking to a 12yr old. Every $ NVDA makes is a $ cost to someone else and most are large public companies, so for the market, it's sort of a wash to earnings. Personally, I can defend the ideas of the benefits of AI, but not the speed. Society doesn't move that fast. There is no way we can replace even 10% of the desk jockeys of the world with AI that fast and not create some social turmoil.