plus a few dinosaurs like Apple, Alphabet and Meta
plus a few dinosaurs like Apple, Alphabet and Meta
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
combined market cap of NVIDIA, Apple, Alphabet and Meta as a % of total U.S. market cap
2019 8.9%
May 2024 16.7%
The Golden Geese always come to the rescue.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
It is striking not just how concentrated market valuation has become in a few firms but the geographic locations of those firms. Below is the top 5 by market value by decade:
1950s AT&T, GM, Exxon, DuPont, GE
1960s AT&T, IBM, GM, Exxon, Texaco
1970s IBM, AT&T, Exxon, GM, Eastman Kodak
1980s IBM, Exxon, AT&T, GE, GM
1990s GE, Microsoft, Exxon, Walmart, Coca-Cola
2000s ExxonMobile, GE, Microsoft, Walmart, Pfizer
2010s Apple, ExxonMobile, Microsoft, Alphabet, Berkshire Hathaway
2020s Microsoft, Apple, Nvidia, Amazon, Alphabet
#6 for the 2020s by the way is yet another West Coast-domiciled firm: Meta.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
It is an interesting question why Silicon Valley is where it is and not somewhere else. When my daughter graduated from Stanford the head of the computer science department discussed this question at the departmental graduation ceremony. I don't entirely buy his argument, but he drew a line from the gold rush and culture of risk taking that grew out of that to today's Silicon Valley. Leland Stanford got rich as a railroad executive who headed west during the gold rush. He later became governor and among other things was known for saying some pretty racist things about Chinese immigrants. He referred to them as an inferior race and the dregs of Asia. Sounds sadly familiar. And somewhat ironic given the strong Asian presence in both the student body and faculty today.
My daughter btw refused to even entertain a career among the nerdy bros of Silicon Valley. She just didn't want to be part of that misogynistic culture. There are better places for her talents.
Last edited by nsacpi; 05-15-2024 at 03:47 PM.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
Woof - Can only imagine how bad the guys are at that stage since this is the first time they have any power over the opposite sex.
Meaning - I can understand why your daughter chose to go in a different route.
Natural Immunity Croc
Branches from the same tree explains the history of tech and Silicon Valley. If silicon development sprang out of Denver in the 1960’s, we’d be referring to it as the Silicon Slopes.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
lol
The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.
Then why does he have more support from black people and hispanics than any Republican president in decades?
Natural Immunity Croc
Oh boy back to memes bc the talking points don’t hold up.
Ivermectin Man
https://www.independent.co.uk/news/w...-b2549702.html
Headline is horrible. BUt boy DeSantis loves his freedom. You have the freedom to use Red White and BLue Lights. THat's it.
Stockholm, more densely populated than NYC - sturg
Lol
Ivermectin Man