Nvidiaβs market cap is 67 times its annual revenue (which was flat year over year) πππ€‘
Keep on pumping it SoftBank
Take it to $2 trillion and beyond!!! π€‘(lol)
this post was submitted on 15 Feb 2024
200 points (97.6% liked)
Technology
59217 readers
2764 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Also how absolutely shit Google has become.
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.
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 arenβt allowed to be kings
They are the MS of the 2000βs; maybe worse
Come on, Microsoft was obviously worse. Steve Ballmer was atrocious.
But,β¦developers
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.
Alpha Bet
good - Fuck google.