Earlier quoted context omitted.
> It certainly feels like the AI bubble is popping. Objectively, no it doesn't. Even if you think it's a bubble, then the bubble is just growing. There are zero signs of anything popping yet. Company valuations are only increasing. > Nvidia as the most valuable company in the world? It makes sense when you look at the financials. It's like back in 1800's when railroads were the new thing, and imagine there were only…
I think it's more like the San Francisco gold rush. The gold prospectors didn't make a lot of money. The people who made bank were the ones selling goods and services to the prospectors. Selling the shovels is more profitable, and has the bonus of not being dependent on whether or not your customers actually find gold.
NVIDIA, specifically, doesn’t really make a compelling product, but is trying to make it seem like their tools can eventually make a compelling product, so build your platform on NVIDIA so that you can sell the opportunity that allows compelling products…