We are in an AI business explosion, they make the best hardware for those workloads and can charge whatever they want for them. Also this is not real value but investor value, so as long as the AI hype continues their value will keep increasing.
And that AI boom is following closely on the heels of a crypto boom that already had them pretty inflated.
It's not all imaginary, real money is being paid for AI services which in turn is being spent on GPUs.
We are in an AI business explosion, they make the best hardware for those workloads and can charge whatever they want for them. Also this is not real value but investor value, so as long as the AI hype continues their value will keep increasing.
And that AI boom is following closely on the heels of a crypto boom that already had them pretty inflated.
It's not all imaginary, real money is being paid for AI services which in turn is being spent on GPUs.