In the year 2000, if you said Nokia as a bubble and would correct you were called insane. It was not even possible for bulls to consider that the leader in Cellular phones with no competition would ever go down. NVDA is in a similar position today. The leader has everything to loose. They get over confident, make stupid investments, and the competion becomes more focused and innovative. The bubble growth leads to investor complacency and foolishness' to the point they don't even consider the Macro environmental factors degrading. All of this sets up for massive bear markets in such stocks.
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