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When the market cap rises, price of shares goes up? Do you know what a market cap is?
by rikafurude21 2y ago
When the market cap rises, price of shares goes up? Do you know what a market cap is?
- carlmr 2y agoYes, but the company doesn't get more money from that. The only, way to get money out of it is by selling shares at the new price. However it would also raise future revenue, which should be what's reflected by the market. So it would still be something that's good for the company, but not nearly 100B good.
- rikafurude21 2y agoYou dont think AMD being competitive with Nvidia (3,37 trillion USD MC) would be "nearly 100B good"? Believe it or not the only reason thats not the case is good bug-free software. Thats what tinygrad is doing
- carlmr 2y agoAgain, market cap is not what the company has. It's what the market believes the company should be worth accounting for future earnings.