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by reducesuffering
628 days ago
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Actually people did expect that, which is why the market does not accurately "price things in." People working in ML, Cuda, ~GPT2 were pretty confident in the eventual impact of AI and knew of Nvidia's monopoly on it. There's a sort of midwit meme here where the naive take "oh this company is going to sell more next year, i should by stock at whatever price", -> "no, everything's already priced in" -> "if everything was priced in, you'd see a historic price graph as a straight line with a slope of interest rates" |
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Obviously some did and they made a lot of money. So what? The market as a whole didn't.
> There's a sort of midwit
If the company grows by as much as it is expected to grow barring any external factors then yes, your "meme" certainly makes sense.