Another day, another lifetime high for NVDA. I’ve learned to stay at least 200 feet away from this beast. If you told someone ten years ago that this specialty maker of graphics cards was going to be a trillion-dollar company, they would have put you away.
The same success is being enjoyed by AMD, which just blasted past its own former high.
And why not? With a P/E of 1254, it’s a bar-goon! A moment of silence, if you please, for the 158 million shares sold short right now.
The whole artificial intelligence thing is, of course, the driving force behind this ceaseless madness. Just for kicks last night, I tried the following prompt. Mercifully, thanks to rigid AI Safety rules, the system would not dare allow me to construct such an image.
Once I scaled down the request to something less tawdry, it obediently complied. And what a result! It’s like I’m standing in a room looking at the real Janet Yellen. Uncanny!
