It is. And they’re no doubt a good tech company. But I saw the article - NVDA is now worth more than all German companies combined.
Sure, Germany is what, the size of the state of Wisconsin or something?
All the same, it’s hard to believe the valuations other than just printed money chasing sales. The ratios are obviously different for reasons that generally make sense between companies, markets, sectors, etc. but…
“A tale of the tape finds the German companies, from A.S. Creation Tapeten (XE:ACWN) to Zooplus (DE:ZO1) with the likes of BMW (XE:BMW), SAP (XE:SAP) and Volkswagen (XE:VOW3) in between, earned EUR121.56 billion on sales of EUR2.96 trillion last year, according to FactSet.
Including its better-than-forecast fiscal first quarter, Nvidia over the last 12 months has earned $42.6 billion on sales of $79.7 billion.”
www.morningstar.com
Don’t get me wrong, I profit from this too. And so I’m not looking a gift horse in the mouth. But it’s just wacky.