Sir, do I, of all people, look like an economist? I post shitty memes for giggles and think about dirt all day.
Comment on GDP
ryedaft@sh.itjust.works 2 days ago
You should compare revenue to GDP, not market cap. Nvidia revenue for 2025 has been very good so far at about 130 billion USD while the GDP of Canada was about 2.3 trillion USD.
But some of the Nvidia revenue is paid in equity so you need to add uncertainty on the value when figuring out their revenue.
Track_Shovel@slrpnk.net 1 day ago
ryedaft@sh.itjust.works 2 days ago
And yes, Nvidia and OpenAI and anthropic and so on are absolutely overvalued.
There’s a good read about the bubble here:
How Catastrophic Is It If the AI Bubble Bursts? An FAQ. - The Ringer - theringer.com/…/ai-bubble-burst-popping-explained…
Luckily, data centers and AI companies don’t actually employ that many people so when the bubble pops the government doesn’t actually have to intervene much. If you mortgaged your house to invest in Nvidia then you might want to cash out now.
Revan343@lemmy.ca 1 day ago
And buy puts got it
msage@programming.dev 7 hours ago
Repeat after me:
Revan343@lemmy.ca 5 hours ago
The big problem is that a lot of ‘investors’ can remain irrational longer than they can remain solvent. That wallstreetbets gambler mentality is strong