>>20552033>When you account for the fact their revenue doubles every few years and account for inflation, trading at a few times PE is really not that insane.True but I feel like it must slow down at some point. The quarterly growth has been huge lately, but how much higher can it go? I guess big tech is hoarding GPUs right now, then they'll realise they can't even justify maintaining this level of GPU hoarding, so the big tech hardware buying frenzy cools down and then the market sentiment follows.
So basically the market sees such growth, extrapolates even more growth and prices it in. Then when the growth stops looking exponential and even looks linear or even slows down a bit then a different reality will be priced in and suddenly it won't be a $3T company anymore, even if it reports $40B every quarter for years. When a plateau will be within sight of the market the multiples will have to brought back to reality.
Thank you for reading my Boboid cope.
