Today, a friend asked me why I asked him to sell all Nvidia stocks. In fact, the logic is very simple. Everyone has been hyping artificial intelligence for a year or two, but the protagonist has not appeared.
Nvidia's plunge is a very understandable thing.
It is not because of Nvidia that ChatGPT exists, nor is ChatGPT necessarily dependent on Nvidia.
In the past period of time, many people have followed Nvidia's FOMO,
but in essence, Nvidia is not the protagonist of this capital market FOMO. It will not have the huge vitality like Apple and Microsoft. I always think that the protagonist of this time is OpenAI, which has been greatly devalued by the valuation of 80 billion US dollars.
I have written many articles before, and there are always people comparing the valuation of Nvidia and OpenAI. This is a very illogical thing. In the past two years, latecomers feel that they can catch up with OpenAI's pace, crazy FOMO chips, and the emergence of Sora. Everyone feels that it is not right, just like a person who gets full marks in mathematics, physics and chemistry every year, and still ranks first in the art college. The learning progress of OpenAI's large model is far beyond other current models. This is the biggest gap in artificial intelligence at present.
I thought that the value of OpenAI would be higher than Nvidia very early, and it is still the same now. This is one of the reasons why I chose WLD very early. I have always believed that Sam Altman is an ambitious person, and the future of OpenAI is by no means limited to the current valuation of 180 billion.
FOMO is a personal emotion, and understanding the essence of things is the perspective that investors should have.
