Under the Banyan Tree by HSBC Global Research
Nvidia, Bitcoin and enough cement to turn Britain into a carpark
Apr 4, 2024
Economist Fred Neumann discusses Nvidia's market cap surge, Asian stock market size contrasts, China's cement consumption vs. US, e-commerce growth in Asia, and the Philippines' role in nickel production and mining regulations.
14:10
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Quick takeaways
- Nvidia's market cap growth as big as Philippine stock market signals US market dominance.
- China's massive stock market losses surpass India's cap, while cement use exceeds US's for infrastructure.
Deep dives
Impact of Nvidia's Market Cap Surge on Stock Markets
Nvidia's significant increase in market cap in one day, equivalent to the total size of the Philippine stock market, highlights the dominance of the US market and the impact of US market developments on global stock markets.
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