Couldn't agree more with you. I can't invest into Nvidias current pricing because it relies on expectational execution and macros that continue to drive demand with either no competitors eating up market share OR technology not changing on them.

It just seems like the current valuation is upheld by excellent performance and demand outstripping supply in the current moment. Throw in everyone being blown away by LLMs performance + lots of hype and people choosing the one company to put their bet on.