15% of the total United States GDP is a single company. I struggle to comprehend the scale of that, but one thing is for certain; it’s going to bite us in the ass eventually.
15% of the total United States GDP is a single company
no, it is not. you struggle to comprehend it because it is not true.
it is comparing different things. one is a valuation, the other is the value of goods and services over a year.
the comparision would be with yearly revenue of a company
The stat that’s going around at the moment is that 30% if the GDP is transactions between the “Magnificent 7”. That one is fair because it’s economic activity.
The underlying economy is in recession with the AI frosting on top pushing it to break even levels.
It’s not one company, but the top 5 companies make up 40% of South Korea’s economy, with the top 30 76.9% of their GDP. It’s scary to imagine the power they wield over the peoples lives.
And I am so ready for the bubble to burst.
15% of the total United States GDP is a single company. I struggle to comprehend the scale of that, but one thing is for certain; it’s going to bite us in the ass eventually.
Stock valuation of a company is not calculated int the GDP. Only domestic revenue is. There is no company that makes trillions in revenue.
True, but Nvidia’s market cap is still equal to 15 percent of 30.486 trillion. What’s worse is that it’s ALL built on speculation.
This house of cards WILL fall.
Nvidia is less speculation that the other companies mixed up in this. They at least sell physical goods which they’ve been shipping.
Microsoft, Google, X, Meta - Oh boy!
no, it is not. you struggle to comprehend it because it is not true.
it is comparing different things. one is a valuation, the other is the value of goods and services over a year. the comparision would be with yearly revenue of a company
The stat that’s going around at the moment is that 30% if the GDP is transactions between the “Magnificent 7”. That one is fair because it’s economic activity.
The underlying economy is in recession with the AI frosting on top pushing it to break even levels.
Thanks for the clarification.
It’s not one company, but the top 5 companies make up 40% of South Korea’s economy, with the top 30 76.9% of their GDP. It’s scary to imagine the power they wield over the peoples lives.
15% of American GDP is approximately $4.57 trillion.
Absurd, isn’t it?