Lets face it.

First profits took a backseat, then revenues for deciding valuations. Funny there are so many companies even with this sector alone which make more revenue and profits than nvda for several years, and growing. For bunch of companies, Stock prices are no longer what they should be but where Wall St wants to take it. Literally no other way to justify something trading at 30x sales in something as conservative as semiconductor sector.

It is literally a a scam in plain sight that analysts piled over themselves to raise price targets on metaverse news and Bank of America projects they'll double their revenues in 2 years. This without seeing a single order on book for a metaverse product. Industry executives dont even completely understand this concept, let alone how to go about implementing it or which chips may be needed. The pump may have possibly ended after ARM deal setback, you can never be sure what new narrative Wall St decides to spin if their old one fails.$NVIDIA Corp(NVDA)$