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    [OC] NVIDIA is now bigger than all banks in the US and Canada combined
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    [OC] NVIDIA is now bigger than all banks in the US and Canada combined

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    17 Comments

    4. Ok-Panda-178 on

      Banks main job is keeping customer data as most banks don’t even hold much cash in bank vaults. Which to be fair most tech companies can do that job now days better than banks.

      But the real answer is probably AI is the hype right now and greed.

    6. rice_fish_and_eggs on

      The only people who get rich in a gold rush are the people selling the shovels…

    9. anewpath123 on

      So we know we’re in a bubble. And we know that time in the market beats timing the market.

      So why do I feel like cashing in all of my ETFs and holding fire?? Surely now is the time?

    10. gpelayo15 on

      Have North American bank companies thought about getting into chip designing ? What are they stupid?

    12. BackgroundBat7732 on

      The five biggest tech companies (17.3T) are larger than the economies of Germany, France, the UK, Italy and Spain combined (16.8T).

      Or 89% of China’s economy (19.4T).

      Or 56% of the US’s economy (30.6T).

    13. drillbitpdx on

      It’s an absolutely bizarre bubble.

      I’ve used the services of at least 10 of these banks, for everything from normal checking/savings accounts to credit cards to a mortgage. I interact with them on an almost daily basis. My life individually would be a catastrophic mess without these banks, and the economy as a whole would grind to a halt.

      Meanwhile, NVidia is a company that makes… graphics/AI cards for computers. I am a freakin’ software engineer, sitting in front of a computer for 8 hours a day, but I haven’t owned or used a single NVidia chip in the last 15 years. I don’t play video games and I don’t do anything with generative AI.

      NVidia could blink out of existence and I might well never notice.

    14. jake6501 on

      Now we just need the same but for profit to get some idea in how reasonable that evaluation is.

    17. chrisni66 on

      This is why I put all my money in to graphics cards instead of savings or investments.

      I will admit, the wife’s not too happy about it, says it takes up too much room, but it’ll be worth it in the end!