Part 1/14:
The Immense Scarcity and Valuation of Nvidia in the AI Boom
Today, Nvidia stands out as the most scarce and sought-after company in the artificial intelligence (AI) space. Their cutting-edge chips are essential components for building premier AI models—a fact that has significantly contributed to their soaring importance and valuation. Notably, Nvidia's stock trades at 27 times forward earnings, a figure that, when compared to other giants like Costco (50 times), Walmart (34 times), or even the broader market, suggests that the company remains relatively undervalued.