Big Technology Podcast Big Tech's Comeback And The Spillover to VCs and Startups — With Eliot Brown
Jul 5, 2023
Eliot Brown, a Wall Street Journal reporter and co-author of 'The Cult of We,' dives into Big Tech's stock market resurgence and its ripple effects on VCs and startups. He discusses the surprising rise of tech valuations amidst high interest rates and the complex landscape of AI investments. Eliot also highlights risks in commercial real estate linked to remote work trends and shares a personal touch on the wrongful imprisonment of his colleague, Evan Gershkovich, urging listeners to advocate for press freedom.
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Big Tech Comeback
- Big Tech's stock market comeback is driven by a few giant incumbents.
- The market bets on AI's potential to boost these companies' profitability.
AI's Potential vs. Nvidia's Valuation
- Generative AI's transformative potential makes it more credible than other recent venture capital trends.
- However, Nvidia's high valuation raises concerns about market hysteria.
Nvidia's Meme Stock Status
- Nvidia's market cap is over five times AMD's despite only doubling their sales.
- Nvidia, like Tesla, exhibits meme stock characteristics, fueled by retail investor enthusiasm.
