News @lemmy.world tal @lemmy.today 7mo ago

Google Is Worth $2 Trillion Now

www.businessinsider.com Google hits a new milestone: $2 trillion

Alphabet achieved a $2 trillion market cap milestone on Friday.

Google's parent company, Alphabet, hit a new milestone on Friday: a $2 trillion market cap.

Google is now the world's fourth most valuable public company, right behind Nvidia, Apple, and Microsoft, which has a market cap of just over $3 trillion and overtook Apple earlier this year for first place.

54 comments

Megacorps was so 2000late, now we are into Terracorps.
- *Terrorcorps
  
  *terranocorps
How the hell is Nvidia worth more?

Why is this kind of market cap even possible?

This makes no sense on all fronts...
- I think that they're considered to be well-positioned to extract a ton of money from companies that want to do parallel computing, AI and suchlike.
- Between crypto mining and AI, there are a lot of companies buying Nvidia hardware.
- NVIDIA has double the PE Ratio. It’s an indicator that people are just hyped up about AI.
  
  Not just AI. There's whole new verticals that use GPUs now. Specifically vehicles.
- They're the main server hardware supplier around, especially when it comes to new tech areas like generative technology and things that require a lot of computation.
- I know why. But you'll have to wait until next year to ask AI me why.
Tainted by the blood of Palestinian children
- I'm out of the loop, what's Google's involvement in that?
  
  In short, Google fires all employees that as much as think about supporting Palestine.
  
  Look up Project Olympus and Israel's use of AI (Lavender/The Gospel). Many inside the company have good reason to believe that Google/Amazon is powering the AI that is leading to the indiscriminate killings.
So Apple became the first trillion dollar company and ~5 years later Google becomes ~~the first~~ A* 2 trillion dollar company. That rate of growth sounds inflated and unrealistic.

[edit] updated to reflect corrections based on u/[email protected] 's pedantry
- Google becomes the first 2 trillion dollar company.
  
  Except no, because Google is still worth less than nVidia, Apple, and Microsoft. So one of them was the first $2 trillion company.
Moneywise maybe but its losing real life value very fast!
the android keyboard is still laggy as fuck so i can't type for shit on my phone
A bunch of zeros in an electronic economic system what didn't even exist in the reality.
- So you think we should only use a goods-based bartering economy?
  
  Or Roman numerals!
  
  No, but a derivatives market that is apparently worth more than the world's GDP times 100 really doesn't make sense.
  
  There is nuance between abolishing money and having Wall Street own every major company and selling parts of each many times over.
  
  Why are you trying to reason with a person that says nonsensical things like that? You're wasting your time and effort. It's ok to just downvote and move on.
  
  The first trillion sheep company
  
  That's a whole lot of sheep.
  
  At least something real would be better in my POV TBH..

54 comments