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Curated tech posts from X on AI, startups, and product development—signal without the doomscroll, updated on weekdays.
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Epoch AI economist @pawtrammell predicts a challenge to the efficient market hypothesis: NVIDIA's ~25X P/E implies investors expect it to grow roughly as fast as McDonald's "If you look at the price to earnings ratio of NVIDIA, and of a lot of AI-exposed companies, they're not that much higher than for the economy as a whole, like on average, weighting firms by their market cap. Which means that most investors don't think we should be extrapolating NVIDIA's rapid growth over the next few…