Even if it's just better for some things people use search for, that's very valuable.
People are spending real money on the product, it's not just the companies spending on infrastructure.
People are spending real money on the product, it's not just the companies spending on infrastructure.
So yes there is a market but that doesn't match the level of investment. A bubble doesn't mean the product is useless.
If this is true it means there is a ton of growth available once people understand that it's much more than this.
My point was: many or most people still think "AI" is limited to the summary at the top of Google search results. In Jon Stewart's recent podcast with Geoffrey Hinton he said that he thinks of AI as "polite Google".
So most people haven't tried applying this tech yet.
Also fyi NVDA is 7% of the s&p so if you own the market you own it too. I don't own it directly either.