I'm sure Elon's planning to dig into AI, Quantum, and Nuclear hopium soon enough to keep the hopes & dreams of his investors afloat to support their insane P/e
Long time PC gamers are no strangers to AMD and NVDA. The cycle always goes:
1. NVDA is best in market, but at a steep cost and low availability
2. AMD eventually catches up and builds chips that slightly outperform NVDIA at a decently lower cost
3. NVDA releases something leaps and bounds better than AMD, once again asserting dominance
NVDA is an innovation leader in this space which is why their P/E isn't really all that high (see TSLA).