this post was submitted on 07 Oct 2024
142 points (94.9% liked)

Technology

58531 readers
4687 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
enu@lemm.ee
L4s@lemmy.world
fry@fry.gs
L3s@fry.gs
enu@lemmy.world
L4s@fry.gs
142
Jensen Huang is now worth more than Intel — personal net worth currently valued at $109B vs. Intel's $96B market cap (www.tomshardware.com)
submitted 7 hours ago by neme@lemm.ee to c/technology@lemmy.world
23 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] Nach@midwest.social 39 points 6 hours ago (3 children)

If this is all Nvidia stock let him try to cash out and see what happens.

[–] Gerudo@lemm.ee 13 points 2 hours ago (2 children)

The thing that bothers me when people say "oh its unrealized gains, it's not real money" is that they use those unrealized gains as collateral for loans of real money. They effectively ARE that rich.

[–] Nach@midwest.social 2 points 50 minutes ago

It's BS that you can borrow against it. If he did sell it the valuation would drop.

[–] celsiustimeline@lemmy.dbzer0.com 2 points 1 hour ago

So how do they pay the loans back if the liquidity isn't there?

[–] NIB@lemmy.world 17 points 3 hours ago (2 children)

You dont need to sell your stocks to access that wealth. You can use that as collateral to take loans or exchange stocks.

[–] nova_ad_vitum@lemmy.ca 11 points 2 hours ago* (last edited 2 hours ago)

"unrealized gains" that you can somehow live off of indefinitely.

[–] kameecoding@lemmy.world 9 points 3 hours ago

Elons everything comes from having overpriced tesla stock as collateral