I was pretty bearish on NVDA prior to the AI hype train. We were coming out of covid lockdowns, everyone had updated GPUs for PCs on stimmy money (prolonged a future purchase cycle). Tech was selling off into 2022 and Bitcoin miners were vanishing following the Bitcoin price collapse. I saw no catalyst for it going forwards. (For reference, NVDA was down to $10.81 per share in today's prices in October 2022 lows. Shortly after, we came out of the tech bear market and ChatGPT hit the market.
If only we could have forseen that move. Crazy stuff.