Are trillion-dollar valuations for Nvidia and AI giants built on fairy tale? Aswath Damodaran decodes

Valuation guru Aswath Damodaran questions if trillion-dollar market caps, particularly Nvidia's, are driven by genuine performance or investor fantasy. He uses a 'possible, plausible, probable' framework to assess Nvidia's revenue needs and warns of the 'Big Market Delusion' in AI, where aggregate valuations outstrip realistic revenue potential.