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On the other hand take a look at the world's largest companies by market cap https://companiesmarketcap.com/usd https://companiesmarketcap.com/usd The top 8 ar
by tim333 11mo ago
On the other hand take a look at the world's largest companies by market cap https://companiesmarketcap.com/usd https://companiesmarketcap.com/usd
The top 8 are American and 17 of the top 20. Seven of the top 8 are into AI. I'm not convinced it's going nowhere. Even if AI on it's own isn't profitable, companies like Nvidia, Apple and Google are doing fine.
- SanjayMehta 11mo agoMarket cap is just a metric of people's expectations on that company. It's relatively meaningless unless a transaction on stock takes place. Imagine if everyone holding shares of the top 8 companies decided to sell them simultaneously. That market cap wouldn't last the evening.