You're right about the profit - I took last fiscal year. Still, it doesn't change anything in what I wrote.
What you just wrote is "IF the biggest companies on earth, and the US government decide to spend all of their money on a single chip maker, then you could get to 200B profit rate in 2026". I won't disagree with that.
If META,STARGATE,xAI,etc.. all increased spending rapidly you could get to 200B profit rate in 2026.
3T / 200B = 15
That means they could return a 6.6 dividend which is higher than 10 year bonds and is in no way overvalued by historial standards.
All that to say, I sold all my NVDA last month because I don't think Wall St. is buying that everyone is going to actually invest that much.