4 ms·
The stock of NVIDIA can buy the 230 smallest S&P 500 companies. Which are still quite big companies. I recently learned this fact and I think it is pretty wild.
by nasmorn 11mo ago
The stock of NVIDIA can buy the 230 smallest S&P 500 companies. Which are still quite big companies. I recently learned this fact and I think it is pretty wild.
- bazmattaz 11mo agoDo you mean their market cap? Sure but that doesn’t equal their profits or cash reserves which are considerably less so NVIDIA couldn’t buy the 230 companies even if I wanted to
- pinkmuffinere 11mo agoThat’s a good point, which immediately makes me curious — how many of the smallest sp500 companies could nvidia outright purchase (or obtain a majority stake in)? It’s just a curiosity, not trying to demand an answer. I might look at it tomorrow if I have time
- hshdhdhehd 11mo agoThey could buy with stock. They can do this limitless times each time an effective merger. The SP500 could merge into one company, regulation permitting.
- flakeoil 11mo agoThey can not, as Nvidia owns very little of its own stock. It's the owners of the Nvidia stock who potentially could trade their Nvidia stocks for the other 230 companies stocks. But then they have no Nvidia stocks anymore, on the other hand.
- Theodores 11mo agoIn year 2000, Nokia had a market cap of around $100 billion and Nvidia had a market cap of around $2 to 4 billion. Nvidia just made graphics cards, at a time when games were still being written for MS-DOS. Nobody was to imagine the real money to be made from repurposing these graphics cards for crypto and now this AI 'application'.
- hshdhdhehd 11mo agoAnd even the games market.
- rhubarbtree 11mo agoTbf only 6 years after that Jensen was already betting on GPGPU
- TheAlchemist 11mo agoIts' getting more crazy by the day. Today NVidia added >300B USD in market cap. That's enough more than the valuation of Intel for example. Or more than Toyota. That 1B USD investement was money well spent !
- outside1234 11mo agoThis is also why them collapsing will take out the US stock market
- incognito124 11mo agoEach of them separately, or all of them together?
- tverbeure 11mo agoIf it were separately, they’d be able to buy 499 of S&P 500 companies…