CleoTheWizard@lemmy.worldtomemes@lemmy.world•They were probably thrilled to find workEnglish
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6 days agoI think I’d kill myself if I had to listen to NPR’s Up First without the jingle. I think that jingle keeps me sane.
Hi, I’m Cleo! (he/they) I talk mostly about games and politics. My DMs are always open to chat! :)
I think I’d kill myself if I had to listen to NPR’s Up First without the jingle. I think that jingle keeps me sane.
It’s because Nvidia is an American company and also because they make final stage products. American companies right now are all overinflated and almost none of the stocks are worth what they’re at because of foreign trading influence.
As much as people whine about inflation here, the US didn’t get hit as bad as many other countries and we recovered quickly which means that there is a lot of incentive for other countries to invest here. They pick our top movers, they invest in those. What you’re seeing is people bandwagoning onto certain stocks because the consistent gains create more consistent gains for them.
The other part is that yes, companies who make products at the end stage tend to be worth a lot more than people trading more fundamental resources or parts. This is true of almost every industry except oil.