Up until recently there was a belief by some investors that OpenAI was going to "cure cancer" or something as big as that. They assumed that the money flowing into OpenAI would 10x, under the assumption that no one else could catch up with them after that event and a lot of that would flow to NVDA.

Now is looks like that 10x of flow of money into OpenAI will no longer exist. There will be competition and compodiditzation, which causes the value of the tokens to drop way more than 40x.