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A comment on Nvidia hits $3T market cap on back of AI boom. Parent comment

Re:Nvidia hits $3T market cap on back of AI boom by Barrin92 on Wednesday June 05, 2024 @04:23PM (#40590098)
>Do you think that AI is having a big enough impact already to generate this valuation? Is it changing your life?

No, but in general I don't think anything justifies that valuation with 60 billion in annual revenue. Someone pointed out that Nvidia's market cap is now comparable to the entire German or Japanese stock market and I'd rather have an economy the size of a few trillion. American stock prices look like Japan in the 80s when the land value of the Imperial Palace was as high as California's economy.

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Re:Nvidia hits $3T market cap on back of AI boom by gizajob on Wednesday June 05, 2024 @04:34PM (#40590245)
Yeah a decent summary of my thoughts too. The bulls running away with things online are starting not to listen to the point that it’s concerning me that Nvidia is turning into a free money machine, and no good ever comes of that kind of thing long-term.

And as you point out the revenue to market cap seems like we’re getting silly. It’s even making me wonder whether Jensen and his brains trust are going to start massaging their own figures, because any less-than-stellar results next quarter could really kill the party. And if Nvidia really is turning into a bubble, it could pop the whole of the Nasdaq for a while.

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