> I guess at 35 times latest earnings it's more reasonably valued
If you are willing to just take quarterly revenue which I think is reasonable for NVidia, it is valued at around 40 times the current estimated earnings for this quarter which isn't too overvalued.
The bigger thing I worry about NVidia is not current earnings but the possibility that the earning won't last when either AI wave fades off or competitors enter the market leading to loss in margin.
If you are willing to just take quarterly revenue which I think is reasonable for NVidia, it is valued at around 40 times the current estimated earnings for this quarter which isn't too overvalued.
The bigger thing I worry about NVidia is not current earnings but the possibility that the earning won't last when either AI wave fades off or competitors enter the market leading to loss in margin.