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Anonymous

Hey I am on Medial • 1y

NVIDIA swallows Reliance Industries in a SINGLE DAY Valued at Rs 20 lakh crore, Mukesh Ambani's Reliance Industries (RIL) looks like a mammoth on Dalal Street. But for the titans of Wall Street, this is loose change. NVIDIA shares soared over 16% overnight and added $277 billion to its market capitalization in just one day. In dollar terms, RIL is just about $243 billion. To put things into perspective NVIDIA’s overnight gains are equivalent to the GDP of more than 45 COUNTRIES. To be fair, such a large amount of wealth creation in a single day is unprecedented in Wall Street's history. Do you think this is the century of Chip makers?

6 Replies

Replies (6)

Anonymous 4
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Atlan • 1y

Gotta feel bad for AMD. As a kid I used to prefer AMD graphic cards over Nvidia. Don't know where they lacked.

1 Reply

Anonymous 3

Hey I am on Medial • 1y

It's the hype train driven by media appearances and FOMO enthusiasts. Reality is very different. What Reliance has created is based on the trust of millions. What Nvidia has done is basically moved swiftly to project itself in a brilliant position

Anonymous 6
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upGrad • 1y

There is no place for brain in bull market and no place for heart in near market. Nvidia is posterboy of the AI bullrun and it's already gone into bubble territory now. No one knows how much it will soar from here but one thing is sure, when correction happens, posterboy of bull market corrects by 60-70%. It might take 2-3 years to happen this but it's bound to happen.

Anonymous 5

Hey I am on Medial • 1y

And still their CEO says he'd not startup ever again. Entrepreneurship is hard.

Anonymous 2

Hey I am on Medial • 1y

Nvidia is the true Shovel for the AI gold rush.

Anonymous 1

Hey I am on Medial • 1y

The world is going back to hardware.

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