Nvidia, $NVDA, is now larger than
1. GDP of every country in the world except 7
2. GDP of Spain and Saudi Arabia COMBINED
3. 4x the market cap of Tesla
4. 7x the market cap of Costco
5. The market cap of Walmart and Amazon COMBINED
6. Russia's entire GDP plus $300 billion in cash
7. 9x the market cap of AMD
8. GDP of every US state except California and Texas
9. 17x the market cap of Goldman Sachs
10. The entire German stock market
In its premarket move alone today, $NVDA has added $170 billion in market cap. That's ~$35 billion MORE than the entire value of Intel, $INTC.
Meanwhile, Nvidia is now just ~17% away from surpassing Apple as the 2nd largest company in the world. How big can Nvidia get?
Parabolic Nvidia $NVDA chart can be described in just one word - Unsustainable.
Valuations, sentiment and complacency are simply off the charts. Capital preservation is of no interest to anyone these days. Time to dust off the Charles Mackay 1841 Classic “Extraordinary Popular Delusions and the Madness of Crowds”.
...soon NVIDIA would emulate Cisco (age of internet), First Solar (age of solar), Tesla (age of electric vehicle) to be the poster child of the age of AI that FRONT-RUNS its eventual potential.
...when the NVIDIA run ends, so too would this stock market rally.
