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It's hard to value $20bn in 2025 vs say $2bn for cutting edge fab in 2000. Personally I don't think CPI captures the relative value of investments well. If you
by xyzzy123 1y ago
It's hard to value $20bn in 2025 vs say $2bn for cutting edge fab in 2000. Personally I don't think CPI captures the relative value of investments well.
If you compare it as % of gdp, or relative to m2 or % of S&P 500, or even size of electronics industry it's maybe 2x-4x or something. Which is still an increase and still a lot but doesn't seem as crazy to me.
Another lens on it: the most valuable car company in 2000 was $50bn and in 2025 it is $1000bn, which I think says more about dollars than cars.