Price is not expensive as most people think!

The forward PE is even lower than AMD and Intel, while gross margin is ridiculously high (76%) last quarter, which is two times higher than MSFT and APPL. The company is sitting on almost 20 billions of cash. Like APPL' appstore, the company is building their software ecosystem that is harder for their competitors to compete. NVIDA controls 90% of high end AI Chips and keeping announce new products every year. It is estimated that AI chips demands will be trillions of dollars in the next decade. The current concerns for investors is not sure when the growth will be significantly slowed, and whether more competitors will eat into their market share.