As for those that use "hyperbolic" as I've heard, it's nonsense when talking about stocks (or actually any real-life situation) : it would imply that the value of the stock becomes infinite, in a finite timeframe (singularity):
Not necessarily, it depends on where you plot the asymptotes...
Hyperbolas have a lot of use in science, and are relevant to many real-life situations. I can't think of any relevance to stocks, though.