Those pointing fingers at Nvidia (NASDAQ:NVDA) for an “AI bubble” are missing the mark. The real overreach isn’t coming from the company that’s actually constrained by compute resources. Instead, it’s the legion of publicly traded and private companies whose valuations are built on Nvidia’s narrative, even though they don’t possess the hardware, the energy infrastructure, or the distribution channels that bring that narrative to life.The harsh reality is that the biggest danger in AI stocks right now is the ...