2023-05-31
Call it irony or foreshadowing, Sun Microsystem's campaign was “We put the dot in dot com”. At its peak in 2000, the company was valued at $200 billion. By 2001, the stock price had dropped by 80% and Oracle bought Sun for $7B in 2010. A 96% drop from its peak valuation. [image]
CNBC
Nvidia opens at a $1T market cap, joining Apple, Microsoft, Alphabet, and Amazon, after raising its Q2 revenue forecast due to AI demand; NVDA is up 180%+ YTD
NVIDIA ($NVDA) is now trading at 37 times its revenue (P/S) and 202 times its earnings (P/E)! Now's the right time to remember what Scott McNealy, CEO of Sun Microsystems told Bloomberg just after the dot-com collapse 👇 [image]
CNBC