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For scale: The global box office revenue of every single nation's film industry combined is about 42 billion dollars as of 2019. Nvidia's growth in market cap o

For scale: The global box office revenue of every single nation's film industry combined is about 42 billion dollars as of 2019. Nvidia's growth in market cap of ~350 billion since end of 2022 to 2 trillion today is almost enough to account for the entire 1.6 trillion (6%) growth in US economy for 2023. Nvidia single-handedly carried the United States of America's 2023 GDP from recession territory (0% growth) to unprecedented massive economic boom (6% growth)! -- https://en.wikipedia.org/wiki/Film_industry https://en.wikipedia.org/wiki/Film_industry https://www.bea.gov/news/2024/gross-domestic-product-fourth-quarter-and-year-2023-advance-estimate#:~:text=Within%20imports%2C%20the%20decrease%20primarily,(tables%201%20and%203) https://www.bea.gov/news/2024/gross-domestic-product-fourth-....

behindsight 3y ago
Nvidia's revenue is ~$60 billion dollars. But in all honesty, the box office numbers aren't as impressive as the longtail licensing and merchandising. That's where the real money is made for the movie franchises.
- oezi 3y ago
  Doesn't the 42bn USD of the film industry include longtail and licensing?
  - sib 3y ago
    US Domestic Box Office was about $7.5B in 2022 and $8.9B in 2023. So if there's a number of $42B, it is including a lot of other revenue.
- Sohcahtoa82 3y ago
  Merchandising, Merchandising! https://youtu.be/vjB8XXw9y70 https://youtu.be/vjB8XXw9y70
sib 3y ago
Market Cap (and, therefore, growth in Market Cap) is not a component of GDP. Also, to the extent that the chips are built in Taiwan, I'm not sure that they count in the US's GDP at all.
bluecalm 3y ago
Or maybe NVidia was just heavily undervalued and the market just caught up. It wouldn't be the first time it happened. When AMD released first Epic/ThreadRippers which made it obvious they are going to wipe the floor with Intel, it was more than 10x cheaper than it is today. People were shouting "P/E" and "Dividends" back then for a few years as well thinking it's crazy AMD approaches Intel's market cap.

behindsight 3y ago

Nvidia's revenue is ~$60 billion dollars. But in all honesty, the box office numbers aren't as impressive as the longtail licensing and merchandising. That's where the real money is made for the movie franchises.

oezi 3y ago
Doesn't the 42bn USD of the film industry include longtail and licensing?
- sib 3y ago
  US Domestic Box Office was about $7.5B in 2022 and $8.9B in 2023. So if there's a number of $42B, it is including a lot of other revenue.
Sohcahtoa82 3y ago
Merchandising, Merchandising! https://youtu.be/vjB8XXw9y70 https://youtu.be/vjB8XXw9y70

sib 3y ago

Market Cap (and, therefore, growth in Market Cap) is not a component of GDP. Also, to the extent that the chips are built in Taiwan, I'm not sure that they count in the US's GDP at all.

bluecalm 3y ago

Or maybe NVidia was just heavily undervalued and the market just caught up. It wouldn't be the first time it happened. When AMD released first Epic/ThreadRippers which made it obvious they are going to wipe the floor with Intel, it was more than 10x cheaper than it is today. People were shouting "P/E" and "Dividends" back then for a few years as well thinking it's crazy AMD approaches Intel's market cap.