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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

Nvidia passes Alphabet in market cap and is now the third most valuable U.S. company::The symbolic milestone is more confirmation that Nvidia has become a Wall Street darling on the back of elevated AI chips sales

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[-] DogPeePoo@lemm.ee 72 points 1 year ago* (last edited 1 year ago)

Nvidia’s market cap is 67 times its annual revenue (which was flat year over year) 👍😂🤡

Keep on pumping it SoftBank

Take it to $2 trillion and beyond!!! 🤡(lol)

[-] Potatisen@lemmy.world 52 points 1 year ago

Also how absolutely shit Google has become.

[-] erwan@lemmy.ml 32 points 1 year ago

This is not about Google, which have a market cap that corresponds to their revenue.

This is about Nvidia that has a crazy inflated market cap.

[-] Uglyhead@lemmy.world 6 points 1 year ago

They are the MS of the 2000’s; maybe worse

[-] R00bot 12 points 1 year ago

Come on, Microsoft was obviously worse. Steve Ballmer was atrocious.

[-] Uglyhead@lemmy.world 2 points 1 year ago

But,…developers

[-] lunar17@lemmy.world 38 points 1 year ago

Has this kind of ridiculous overvaluation happened this frequently in the past, or is this a modern phenomenon?

[-] bionicjoey@lemmy.ca 35 points 1 year ago

Google "the Great Depression"

[-] deus@lemmy.world 14 points 1 year ago
[-] psycho_driver@lemmy.world 16 points 1 year ago

Ahh, brings back memories of me trying to get my parents to buy into their $10 IPO.

[-] Uglyhead@lemmy.world 5 points 1 year ago

Alpha Bet

good - Fuck google.

this post was submitted on 15 Feb 2024
198 points (100.0% liked)

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