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Comment by narcindin | Hacker News Reader

Owning ~.00001% of a company feels illusory to me, more difficult to intuit values. So would Nvidia share owners rather own all of Nvidia instead of all of Apple? I suspect not. The marginal buyer of nvidia is either: * MEGA-FOMO * Betting on the singularity * Momentum trading

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>So would Nvidia share owners rather own all of Nvidia instead of all of Apple?

Personally? Absolutely.

Stocks trade on forward growth. Apple has been stalled out for years now, with total saturation in the smartphone market, and anemic services revenue.

Out of curiosity, would your (or anyone else wanting to chime in) answer change if there was a qualifier that you had to buy today, and were not allowed to sell for 8 years?

>Out of curiosity, would your (or anyone else wanting to chime in) answer change if there was a qualifier that you had to buy today, and were not allowed to sell for 8 years?

Yes, even moreso. What is the bullish case for Apple? I love them to death, and am a total fanboy, but there is simply no arguement to be made for them growing beyond their current (correctly priced) value.

Besides growth, Nvidia also has much higher profit margins. In Q1 2024, Apple's margins were 42% gross, 26% net, versus Nvidia's 78% gross, 57% net. May or may not be sustainable, but for now Nvidia's basically printing money.

Also Nvidia's capex is insanely low relative to the other big techs. They are literally printing money.

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