Comment on Nvidia becomes first company to reach $4tn in market value
EditsHisComments@lemmy.world 2 months ago
This is why the US desperately needs progressive antitrust legislation
Comment on Nvidia becomes first company to reach $4tn in market value
EditsHisComments@lemmy.world 2 months ago
This is why the US desperately needs progressive antitrust legislation
Blue_Morpho@lemmy.world 2 months ago
How could Nvidia be broken up? It’s the same GPU silicon being sold for gaming and AI. Gaming doesn’t even matter to them so if you broke out gaming, they’d still be a monopoly.
Imo, it wouldn’t be a problem if they were taxed. The value they generate would go back to the people.
EditsHisComments@lemmy.world 2 months ago
If they had more companies to compete with, then more taxes would be paid. But, regardless of how many competitors they have, if they paid more taxes then they wouldn’t have quite the market value that they do.
The whole reason these companies have such insane market values is because they’ve spent so much time and money artificially inflating their stock prices and by raising the barriers for entry into their industries
FRYD@sh.itjust.works 2 months ago
I dunno if OP meant so, but Nvida’s value is propped up entirely by big tech hyper scalers. If they got broken up years ago, we wouldn’t have to watch them pour an unholy amount of money into a dead end technology in a desperate search for a new thing to monopolize.
Blue_Morpho@lemmy.world 2 months ago
The problem is how do you break up a design team? My experience in hardware industry is that its a very tiny team of people making doing the silicon design and then hundreds/thousands of support engineers doing support hardware (like board layout that the chips will go on), software drivers and testing.
FRYD@sh.itjust.works 2 months ago
I meant the big tech firms buying nvidia gpus and driving up the share price. If Google/FB/Amazon/etc got broken up, they wouldn’t be trying to squeeze infinite money out of so called AI and nvidia wouldn’t be a $4 trillion balloon.
I don’t think nvidia could be broken up much like you say, but it’s still only worth so much because of all the other monopolies (that’d be easier to break up) paying into it.