Google Is Worth $2 Trillion Now
businessinsider.com
Google's parent company, Alphabet, hit a new milestone on Friday: a $2 trillion market cap.
Google is now the world's fourth most valuable public company, right behind Nvidia, Apple, and Microsoft, which has a market cap of just over $3 trillion and overtook Apple earlier this year for first place.
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How the hell is Nvidia worth more?
Why is this kind of market cap even possible?
This makes no sense on all fronts...
I think that they're considered to be well-positioned to extract a ton of money from companies that want to do parallel computing, AI and suchlike.
Between crypto mining and AI, there are a lot of companies buying Nvidia hardware.
NVIDIA has double the PE Ratio. It’s an indicator that people are just hyped up about AI.
Not just AI. There's whole new verticals that use GPUs now. Specifically vehicles.
They're the main server hardware supplier around, especially when it comes to new tech areas like generative technology and things that require a lot of computation.
I know why. But you'll have to wait until next year to ask AI me why.