Part 4/11:
- The current Nvidia reflects the AI revolution, with its market cap already approximating 15% of US GDP. It's on track to reach 30% within three years. This demonstrates that a tech company in AI can reach valuations vastly larger than the entire economy of a nation, making the Tesla-centric scenario plausible.
The Exponential Growth of the U.S. Economy
A striking part of the argument is the projection that nominal US GDP growth could average 11% annually over the next 15 years. So, even as Tesla’s valuation skyrockets, the US economy itself isn't static—it will expand rapidly due to:
AI-driven productivity gains
Massive money printing for social support in a highly automated society