AI startup Cognition Labs, founded in November, seeks $2 billion valuation amid investor frenzy, warnings of a bubble BYSTEVE MOLLMAN March 31, 2024 at 7:17 PM EDT
You been around long enough to remember CMGI? From 95' to 2000' they had (I forget the actual numbers)... but it was like 200% compounded per year on their stock performance. They were "building the internet." Hold on...
All the proof you need. This stock was the wave of the future ...today they were supposed to be bigger than any other company in tbe world .....hmmmm.
Nvda adding another 72++ billion in market cap in only 1 hr since overnight trading has begun.... 72+ billion in 1 single hr !! Which is an entire shopify!!! It has added nearly 3/4 of a trillion dollars in market capitalization in a month...
People buying it on that 10 for 1 split. I guess everyone is anticipating another $1000 point move after the split which would value nvda at $24 + trillion dollars or just about 84% of the gdp of the US....
Update...... $100,000,000,000 in market cap added in less than 2 hrs An entire BP ....with 87,000 employees and over 7000 BP gas stations. !!!