Railroads, e-commerce, and AI - all useful, all were (or may be) credit/stock bubbles. Railroads however have a much better depreciation schedule than GPUs.
He isn't arguing that AI is useless. Only that Nvidia is propping up a massive financial deck of cards and that all the giant numbers being tossed around are fantasies.
He isn't arguing that AI is useless. Only that Nvidia is propping up a massive financial deck of cards and that all the giant numbers being tossed around are fantasies.