Market mania and complacency

Drunken bullish frenzy

1. NVDA market cap up 1 TSLA over the past 2 months

2. NVDA market cap same as China stock market (H shares worth around $1.7tn)

Source: Refinitiv/Hartnett

GPUs are harder to get than drugs

Source: CB Insights

and counting

Source: Jefferies

On that concentration

Source: Bloomberg/Authers

Getting hotter

Source: BofA

Abandon puts

Source: Refinitiv

Pushing it

Source: Macromicro

Remember mighty Apple?

Source: Refinitiv

Remember Dr Copper?

Source: Refinitiv

Leaving behind

Source: Refinitiv