Rising Valuations, Implications for Overcapitalized Companies, and the Growing Competition in the Stock Exchange Market

The chapter delves into the significant market valuations of technology companies like Nvidia, the challenges faced by overcapitalized companies as interest rates rise, and the potential outcomes such companies may face. It also explores the competitive landscape in the stock exchange market with the emergence of the Texas Stock Exchange and the impact it may have on traditional exchanges like NYSE and NASDAQ.