[kimbler]

I thought the valuation of public companies at 3x revenues or 5x earnings has long since sailed?

[dismalaf]

Tech companies are valued higher because lots of people think there's still room for the big tech companies to consolidate market share and for the market itself to grow, especially as they all race towards AI. Low interest rates, tech and AI hype add to it.

Funny timing though, today NVDA lost $589 billion in market cap as the market got spooked.