Well of course not - that’s the value of the company. You can’t buy anything with it. The same goes for wealthy individuals: just because someone’s net worth is in the billions doesn’t mean they have that kind of cash on hand.
I’d argue it’s not the same for wealthy individuals as they can leverage their net worth to borrow cash at low interest rates, but I do see the point you were making.
As for the initial comment by TeamAssimilation, I don’t think it’s unreasonable to say Nvidia’s current ‘worth’ is fanciful. It’s a number beyond any tangible understanding. I can’t even wrap my head around how many trees are on this planet, never mind double that number.
‘Worth’ is a subjective word, and I don’t think you and TeamAssimilation were using it the same way. Just because a brick is worth a dollar and someone uses a million of them to build a house, doesn’t mean the house is worth a million dollars - even if that’s what it cost. What if it looks like this?
That’s still not how it works. Company stocks are worth exactly what people are willing to pay for them.
Even so, a market cap in the trillions is still an abstract concept. Nvidia can’t use its ‘worth’ to buy Apple for example.
Well of course not - that’s the value of the company. You can’t buy anything with it. The same goes for wealthy individuals: just because someone’s net worth is in the billions doesn’t mean they have that kind of cash on hand.
I’d argue it’s not the same for wealthy individuals as they can leverage their net worth to borrow cash at low interest rates, but I do see the point you were making.
As for the initial comment by TeamAssimilation, I don’t think it’s unreasonable to say Nvidia’s current ‘worth’ is fanciful. It’s a number beyond any tangible understanding. I can’t even wrap my head around how many trees are on this planet, never mind double that number.
‘Worth’ is a subjective word, and I don’t think you and TeamAssimilation were using it the same way. Just because a brick is worth a dollar and someone uses a million of them to build a house, doesn’t mean the house is worth a million dollars - even if that’s what it cost. What if it looks like this?