>I think you're right that NVDA is overvalued at the moment. I also think that the AI hype is largely responsible for this, as there are a lot of people who seem to believe that AI will be some sort of magic bullet that will solve all of our problems.

However, I don't think it's realistic to expect AI to replace mining entirely. Mining still has a lot of value, especially in terms of security and decentralization. Even if AI does eventually become more efficient than mining, it's not going to happen overnight, and so I don't think we should expect NVDA's stock price to crash just becausemining becomes less profitable.