Nvidia’s stock has climbed over 500% in three years while peers like Palantir trade at P/E above 150, prompting warnings of stretched AI valuations. Crypto leaders compare today’s digital-asset 'middle game' infrastructure hurdles to Nvidia’s 2015-era GPU and CUDA buildout that underpinned its AI boom.
Nvidia shares have surged over 500% in the past three years, placing it alongside peers like Palantir and Broadcom in one of the strongest sector rallies on record. However, with Palantir trading at a P/E ratio above 150 and broad AI multiples elevated, investors caution that further gains may be limited by stretched valuations.
Industry figures compare crypto’s current regulatory and infrastructure barriers—its so-called 'middle game'—to Nvidia’s pre-AI boom era, when the company invested heavily in GPU parallel computing and its CUDA software stack. That decade-long buildout ultimately positioned Nvidia to capitalize on the AI revolution once demand surged, illustrating a long-term growth blueprint.
