Nvidia passes Alphabet in market cap and is now the third most valuable U.S. company
(www.cnbc.com)
from L4s@lemmy.world to technology@lemmy.world on 15 Feb 2024 08:00
https://lemmy.world/post/11978689
from L4s@lemmy.world to technology@lemmy.world on 15 Feb 2024 08:00
https://lemmy.world/post/11978689
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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Also how absolutely shit Google has become.
They are the MS of the 2000’s; maybe worse
Come on, Microsoft was obviously worse. Steve Ballmer was atrocious.
But,…developers
The number 1 offer google was making to their user base was so far ahead of its competitors that everyone naturally gravitated to it.
They then spent all their efforts milking it for all its worth that the offering was methodically abused by bad actors also only interested in milking the user base (seo optimized, nonsense generated articles, artificial usage stats).
Now the offering is so bad quality (diluted with rubbish) that they will find it harder and harder to compete.
I can’t say I’m not disappointed, I also cannot say I’m surprised.
Also the drive to walled gardens like discord and putting actual content in a YouTube video to be able to monetize it has damaged the web badly.
The profit-motive of capitalism (monetization and surveillance capitalism) are what’s destroyed the web. It went from an “information superhighway” lead by techies, scientists, and individuals sharing knowledge to a corporate lead value extraction machine.
Obviously servers cost money, and there are many valuable services, but the infinite growth model guarantees enshittification and paying customers getting assimilated by the borg eventually (cable and now streaming ads, despite profitability).
The factory must grow!
But also the techies wound up with a serious faction who started asking why they aren’t allowed to be kings
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.
More evidence that indians ruin everything they touch.
Take your xenophobia back to reddit.
Lmao a 2 hour old account, just to post racist remarks on this particular thread. Absolutely no balls.
Post on main or GTFO, coward.
Alpha Bet
good - Fuck google.
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)
Now try hiring an indian ceo and watch it collapse
Has this kind of ridiculous overvaluation happened this frequently in the past, or is this a modern phenomenon?
Google “the Great Depression”
Holy hell
Ahh, brings back memories of me trying to get my parents to buy into their $10 IPO.