To The Moon

Last week, while appearing at the Aspen Ideas Festival, Palantir Technologies co-founder Peter Thiel shared his insights on artificial intelligence, Nvidia Corp. , and ChatGPT-parent OpenAI.This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.He then went on to say that currently, 80-85% of the money in AI is being made by one company, Nvidia. He described this as a “very strange” situation, as the majority of the profits are being made at the hardware layer, an area “Silicon Valley doesn't even know much about anymore.”Meanwhile, Nvidia briefly became the most valuable company on the planet when it reached a market capitalization of $3.46 trillion in June. At the time of writing, the chip giant was at number three on the list of the world’s most valuable companies with a market capitalization of $3.038 trillion.Previously, Dan Ives, an analyst at Wedbush Securities, predicted that Nvidia’s market cap could soar to $4 trillion.