NVIDIA Inc is all over the news as the poster child of artificial intelligence, AI, because of stock price's meteoric price and NVIDIA's market capitalization nearing 1 trillion USD.
NVIDIA is overvalued, according to Wolfteam Ltd. That said, every company, even outside technology, puts artificial intelligence, AI in its investor presentations and earnings presentations, much like during the 1998-2001 dot-com boom and bust almost every company from all sectors of the economy wanted to present itself as a technology company to get technology company valuation metrics or come near it, at least.
And AI is technology today.
Artificial Intelligence, AI will change the future, but not as quickly as the stock market implies.
The main thing in order to develop AI is to hire mathematicians, economists and software engineers of exceptional quality.
It is interesting what Elon Musk is saying. Elon Musk has said that the future (almost all) value of Tesla depends (almost entirely) on Tesla developing successful self-driving cars technology.
Does this imply that Tesla Inc is worthless now, because it does not have a 100 % viable autopilot technology?
Actually, I think Tesla's intrinsic worth is around 170 billion USD mainly because of the quality of its AI, engineering workforce.
AI should be developed carefully, because a spectacular failure of AI technology would set back artificial intelligence many, many years.
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