Nvidia's Animal Spirits

Can't miss generational opportunity in the secular AI bull market, or the fuse of a future market wide time bomb?

As of yesterday, Nvidia has surpassed Apple as the world’s second largest company, trading above a $3 trillion valuation and now single-handedly accounting for 6.5% of the S&P 500's weight. This chart from Zero Hedge shows Nvidia in black:

Source: Zero Hedge

Nvidia CEO Jensen Huang signing the tits of a perky female “fan” at a booth at Computex, a computer expo held annually in Taipei, Taiwan days ago should have been our clue: animal spirits - of one type of the other - continue to drive the market.

She must really like semiconductors. Here’s a follow up photo for forensic analysis: