NVIDIA$NVIDIA(NVDA.US)
Let's look at the actual math of this so called bubble.
In the year 2000 Cisco was trading at 100 times earnings. It was pure hype.
Today NVIDIA is trading at around 30 to 40 times forward earnings. That is actually... cheap?
The stock price went up but the profits went up even faster. This is the weirdest bubble I have ever seen.
Usually in a bubble the P/E ratio expands to infinity. Here the P/E ratio is actually compressing because they are making so much money.
If this is a bubble it is the most profitable bubble in history.
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