Wed 6/28/23
NVDA is trading at a price earnings ratio of 219. Investors put up $219 to buy one dollar of NVDA earnings.
BY the way those earnings are a mere $1.91 a share.The mania here is for artificial intelligence AI. The same sort of mood propelled investors to buy the dot.coms in 999 which made no money. The NASD peaked March 2000 around 5,000. It lost 78% of its value in the next three years.
Ten Years of Tesla
Apple in contrast carries a 31 P/E and is earning $5.90 a share. Gee whiz, which do you think is a better buy,.
Lordstown Motors
Professor Elam 
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