4 ms·
I know nothing about economics or finance, but how is it that the first $1T dollar company was Apple and that didn't happen until 2018 and now it's a $5T dollar
by michaelfm1211 2mo ago
I know nothing about economics or finance, but how is it that the first $1T dollar company was Apple and that didn't happen until 2018 and now it's a $5T dollar company just 8 years later. Did Apple really become 5x richer in that time?
- tm84 2mo agoNo but people have to bet all their money to get rich and retire early so everyone is leveraged and pumping the stock market
- michaelfm1211 2mo agoOk but like how has their valuation gone up 5x? I don't see how people betting their money and valuation going up is related. Sorry if this is a stupid question, I really don't know anything about the stock market.
- panick21_ 2mo agoApple seems to be well positioned to profit from AI without investing to much. Other major companies are very AI exposed and people like Apple positioning. Generally lots of money flowing around bidding up the top companies.