Here is a quote from a Morningstar analyst writing in 2017. We will spare their blushes by omitting an actual name:
‘Chipmakers tied to artificial intelligence, such as Nvidia and AMD, are significantly overvalued, in our view, as the hype around their graphics chips used in artificial intelligence far exceeds our views regarding how revenue growth will truly materialise. Meanwhile, we fear that the tremendous growth of their graphics chips used in video gaming will not last forever.’
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