What actually happened is that market cap declined by that amount, where market cap of course is just latest share price multiplied by shares outstanding.
Nobody should be surprised or care that this number fluctuates, which is why certain people try really hard to make it seem more interesting than it really is. Otherwise they'd be out of a job.
With the pace of inflation we have been witnessing over the past years $1T has become unimpressive. Let's talk percentages. And if somebody wants to talk about absolute numbers, they should talk not only about negatives, but positives too, as in how much the stock market has gained before losing that $1T.
Yes...NVDA closed at $188.15 yesterday, a price it was never at until October. It did hit $212.19 last week, but retreated.
After spring 2023, Nvidia stock seems to follow a pattern. It has a run-up prior to earnings, it beats the forecast, with the future forecast replaced with an even more amazing forecast, and then the stock goes down for a bit. It also has runs - it went up in the first half of 2024, as well as from April to now.
Who knows how much longer it can go on, but I remember 1999 and things were crazier then. In some ways things were crazier three years ago with FAANG salaries etc. There is a lot of capital spending, the question is are these LLMs with some tweaking worth the capital spending, and it's too early to tell that fully. Of course a big theoretical breakthrough like the utility of deep learning, or transformers or the like would help, but those only come along every few years (if at all).
JKCalhoun|3 months ago
That's what people are grousing about.
chmod775|3 months ago
What actually happened is that market cap declined by that amount, where market cap of course is just latest share price multiplied by shares outstanding.
Nobody should be surprised or care that this number fluctuates, which is why certain people try really hard to make it seem more interesting than it really is. Otherwise they'd be out of a job.
There is really nothing dumber than finance news.
Jabbles|3 months ago
a) it's $800B
b) this is the largest such selloff since April
https://archive.ph/bzr5G
pllbnk|3 months ago
epolanski|3 months ago
Ologn|3 months ago
After spring 2023, Nvidia stock seems to follow a pattern. It has a run-up prior to earnings, it beats the forecast, with the future forecast replaced with an even more amazing forecast, and then the stock goes down for a bit. It also has runs - it went up in the first half of 2024, as well as from April to now.
Who knows how much longer it can go on, but I remember 1999 and things were crazier then. In some ways things were crazier three years ago with FAANG salaries etc. There is a lot of capital spending, the question is are these LLMs with some tweaking worth the capital spending, and it's too early to tell that fully. Of course a big theoretical breakthrough like the utility of deep learning, or transformers or the like would help, but those only come along every few years (if at all).
nextworddev|3 months ago
conorcleary|3 months ago