2024-06-12 02:50:00 ET
Summary
- The financial press is replete with comparisons to the dot-com bubble of 1999–2000.
- Some say that the Cisco split marked the top of the dot-com bubble. And they allege that the Nvidia split is doing the same.
- The other problem with the dot-com bubble is that there were many, many companies that had no earnings. They traded at what I called the price/fantasy ratio.
While respectful citizens observed D-Day commemorations, 80 years on, another invasion occurred on June 6 th of this year. Barron’s summarized it like this:
Microsoft ( MSFT ), Apple ( AAPL ) and Nvidia ( NVDA ) are each worth a little more than $3 trillion. Nvidia’s market capitalization edged past that milestone on Thursday afternoon for the first time. As a result, this trio now makes up more than 20% of the entire $44.4 trillion market value of the S&P 500.
Read the full article on Seeking Alpha
For further details see:
High-Tech Bubble Valuation? I'm Not So Sure