The Stock Market thread

[Edward64]

Nvidia homeruns again. As far as driving market sentiment, used to be Apple but there’s a new boss in town.

[RainMaker]

Originally Posted by Edward64

Nvidia homeruns again. As far as driving market sentiment, used to be Apple but there’s a new boss in town.

Their market cap in just a few years.


January, 2020: $144 billion
Today: $2.34 trillion

[Edward64]

And just think where’d they be if we didn’t have sanctions on China.

Would be very good stock wise but China would then copy-and-cheat on the IP so it cuts both ways.

[RainMaker]

State-sponsored monopolies are bad for consumers but understand if you own a lot of NVIDIA stock or on their board.

[Edward64]

There are many valid reasons to protect a company, industry etc. (i.e IP theft, unfair trade practices etc.)

Only don’t complain if another country does it too.

And then it gets to who started it first. Like Israeli-Hamas war

[flere-imsaho]

I mean, the Chinese state literally gives IP from non-Chinese companies to Chinese companies. When I worked in medical device, this was part of the conversation when deciding whether or not to bring a particular product to market.

Like many countries, China requires that detailed specifications for medical devices be submitted as part of the approval process. Within a year or two, you see a duplicate device being produced by a local company.

The most common way around this is to do a joint venture with a Chinese company who can pay off the right people so that your IP isn't sold on to other in-country competitors.

We never had this problem in other countries, including Brazil, India, Argentina, etc....

[Edward64]

TBF the US practices protectionism in different ways, just not as blatantly as Chinas state sponsored theft.

The willingness of our key companies to compromise their IP (Tesla) is same old story like back in the 00s (Oracle offshore development). Good that now many companies aren’t that willing to compromise and the US government (Trump & Joe) have constrained their offering up key IP nowadays.

In other news, Nvidia continues to delight! I am hoping they join the $3T club this year.