That’s kind of my point in framing the question like that - we know WalMart and how ubiquitous it is (in America) and how it makes money, and it’s “moat” so it’s not a sexy business, but a totally solid one. So is what the market is pricing in really becoming silly now? I think Nvidia has a huge competitive advantage but I also think it could be undone within 3 years or so given how much money is now at stake. The other side of that is that I wouldn’t want to try and build a better WalMart inside three years.

My ultimate worry is that Nvidia is becoming so overcooked now that it could pull the whole of the Nasdaq down when it blows, and that won’t be good for any of us.