AI stocks have been one of the market’s hottest trades. Some investors think the trade is already too crowded. Others believe we are still in the early innings of a much bigger AI cycle. $NVIDIA(NVDA)$ is still the clear king of the chip empire, with the largest market cap in the group and a forward P/E of 23.00x. $Micron Technology(MU)$ even after a huge rally, sits at just 14.88x forward earnings. Meanwhile, $Intel(INTC)$ stands out on the other end, with a forward P/E as high as 156.72x. How to join: Comment below with your view on AI stock valuations If you had to pick, are AI stocks cheap or overpriced right now?