Nvidia passes Alphabet in market cap and is now the third most valuable U.S. company

psycho_driver , 4 months ago

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

lunar17 , 4 months ago

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

bionicjoey , 4 months ago

Google "the Great Depression"

deus , 4 months ago

Holy hell

xebacot , 4 months ago

Now try hiring an indian ceo and watch it collapse

DogPeePoo , 4 months ago (edited 4 months 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)

Uglyhead , 4 months ago

Alpha Bet

good - Fuck google.

Potatisen , 4 months ago

Also how absolutely shit Google has become.

Uglyhead , 4 months ago

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

R00bot , 4 months ago

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

Uglyhead , 4 months ago

But,…developers

Badeendje , 4 months ago

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.

WhatAmLemmy , 4 months ago

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).

Badeendje , 4 months ago

The factory must grow!

captainlezbian , 4 months ago

But also the techies wound up with a serious faction who started asking why they aren’t allowed to be kings

erwan , 4 months 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.

xebacot , 4 months ago

More evidence that indians ruin everything they touch.

anton , 4 months ago

Take your xenophobia back to reddit.

sigmaklimgrindset , 4 months ago

Lmao a 2 hour old account, just to post racist remarks on this particular thread. Absolutely no balls.

Post on main or GTFO, coward.