I can’t stand Nvidia.

Not because it’s “overvalued”. If anything, the price looks downright sane for a company selling shovels in a gold rush. High P/E? Sure. Excessive? Not really. I’ve broken down the numbers before and, annoyingly, they check out.

What drives me up the wall is that the entire market is perched on the edge of its seat waiting for this one company to sneeze.

We’re all holding our breath for Nvidia like it’s the second coming of the iPhone, the PlayStation 2, and the Manhattan Project rolled into one GPU rack. Meanwhile, I’m over here wishing the stock would take a nice, refreshing dive just so capital can slosh somewhere else for a change. Pure sentiment on my part. And yes, I know that. And no, I’m not trading on it.

But why is everyone totally fine with Tesla levitating at a valuation that only makes sense if Elon discovers cold fusion in his garage, while Nvidia—at a comparatively measly 51.67 P/E—gets treated like the fulcrum upon which all global finance turns?

To be clear, I’m not arguing Nvidia deserves that valuation. I just wish the market would chill out for five minutes instead of treating tomorrow’s earnings report like a referendum on the fate of Western civilization.

Nvidia stock slides after Q3 earnings, forecasts top estimates with sales for AI chips 'off the charts'

Nvidia (NVDA) stock fell along with the broader market on Thursday, despite the chipmaker posting better-than-expected third quarter earnings and providing a strong outlook for the current quarter a day earlier.

Yahoo Finance (finance.yahoo.com)

@atomicpoet I’ve not seen a good all-purpose GPU from them since the 2080ti. Current offerings all seem to top out at 6GB memory and cost too much.