Comment on Nvidia loses $500 bn in value as Chinese AI firm jolts tech shares
DannyBoy@sh.itjust.works 4 weeks ago
They’re still up almost 100% in the past year and almost 2000% in the past 5 years. The stock price will be fine.
Comment on Nvidia loses $500 bn in value as Chinese AI firm jolts tech shares
DannyBoy@sh.itjust.works 4 weeks ago
They’re still up almost 100% in the past year and almost 2000% in the past 5 years. The stock price will be fine.
UnderpantsWeevil@lemmy.world 4 weeks ago
Check the P/E on a lot of these firms. So much of the valuation is predicated on enormous rates of future growth. They’re revenue isn’t keeping up with their valuation. A big chunk of that 2000% is just people trading on the Greater Fool who will buy the shares later.
Microsoft will be fine, sure. Meta will be fine, sure. The guy leveraged to the tits to go long on ARK Innovation ETF? Far more dubious.