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> because many funds (some of whom are required to buy index stocks) think they’re horribly over valued and will tank once floating Most of S&P 500 have shares
by re-thc 5mo ago
> because many funds (some of whom are required to buy index stocks) think they’re horribly over valued and will tank once floating
Most of S&P 500 have shares in these anyway e.g. Microsoft and OpenAI. Not really making THAT much of a difference.
- SJMG 5mo agoNot to mention Tesla.
- cmiles8 5mo ago? No. These companies are not publicly traded yet so they are not in these indices. Funds are fighting to keep them out so they’re not required to buy stocks they think will tank.
- twalla 5mo agoThere is indirect exposure to Anthropic/OpenAI through all the incestuous partnerships between hyperscalers and NVDA
- re-thc 5mo agoExactly. Google has SpaceX stock. To make matters worse all the banks, insurers and investment firms in that S&P list are likely in there somewhere too. I'm sure I'm missing a whole lot more.
- dgellow 5mo agoIndirect exposure is just a completely different beast than direct exposure. It’s a different level of risk altogether
- re-thc 5mo ago> It’s a different level of risk altogether In this case, really? Between Nvidia, Microsoft, AMD, Amazon and everyone else in that S&P 500 there's not >50% of OpenAI already? It's not that indirect. Microsoft alone is 27%.
- dgellow 5mo agoHmm, actually I would be interested to get actual number regarding the exposure to OpenAI and Anthropic in S&Py you might be right, completely possible that I underestimated
- cmiles8 5mo agoTrue, but that’s tiny relative to these companies going public themselves. Totally different ballgames
- yytt32 5mo agolol don’t compare private market pricing where the line only goes up and to the right.