Ayako Yoshioka

And I think that's why NVIDIA's earnings calls continue to be sort of the Super Bowl of, you know, equity investors sort of, you know, calendars.

You know, it's trading at 28 times next year's numbers.

It's growing revenue at 60%.

It's growing earnings at 50 plus percent.

You know, they're reasonable valuations.

They are not astronomical like we saw during the tech bubble.

However, you know, it's still relatively expensive and it all hinges upon the duration of this growth rate.

Does this continue at these levels for three, five years?

Or is it just this sort of near term 12 month growth rate that we're seeing?

And I think that's this anxious investor base that's sort of watching this.

When does the growth rate start to deteriorate?

Well, according to Bloomberg,

And I think that's the thing.

That's the skepticism that really sort of creeps into, you know, the investor mindset is that how large can this get?

And the numbers when you start to just grow at 60 percent plus year after year, it's just astronomical.

And yet, you know, Jensen's talking about $3 to $4 trillion of annual spend for data center and AI infrastructure.

And, you know, if all of that or a good portion of that goes to NVIDIA, the numbers continue to grow.

And then, you know, the hyperscalers will grow as well because that benefits their cloud revenue.

So it's just something that we continue to keep monitoring and we'll have to see each quarter grow.

Not just from NVIDIA, but from all of the tech ecosystem in terms of how large this AI platform is going to become.