<story><title>AMD passes Intel in market cap</title><url>https://www.cnbc.com/2022/07/29/amd-passes-intel-in-market-cap.html</url></story><parent_chain><item><author>mimikatz</author><text>Yes we do, that&amp;#x27;s literally what a marketcap is. People who are sure it isn&amp;#x27;t correct can beat against it and profit in the correction.</text></item><item><author>elromulous</author><text>So I&amp;#x27;m very much in camp AMD.  But, market cap has proven over and over again to be kind of bogus. E.g. do we really think Tesla is actually worth more than the rest of the top 10 or so automakers?</text></item></parent_chain><comment><author>nicoburns</author><text>&amp;gt; Yes we do, that&amp;#x27;s literally what a marketcap is.&lt;p&gt;I mean in theory. In practice:&lt;p&gt;- You have to use a very specialised definition of &amp;quot;we&amp;quot;. Specifically, it&amp;#x27;s what people think, &lt;i&gt;weighted by how much money they control&lt;/i&gt;. So wealthy people have an outsized say in market cap. Controllers of hedge funds, pension funds, etc an even more outsized say.&lt;p&gt;- People&amp;#x27;s pricing can be based on how they expect other people to price the stock in the future rather than how much they think it is truly worth based on the fundamentals of the business. If someone&amp;#x27;s price is based on this, then it is no longer a reflection of how much they think it&amp;#x27;s worth.</text></comment>
<story><title>AMD passes Intel in market cap</title><url>https://www.cnbc.com/2022/07/29/amd-passes-intel-in-market-cap.html</url></story><parent_chain><item><author>mimikatz</author><text>Yes we do, that&amp;#x27;s literally what a marketcap is. People who are sure it isn&amp;#x27;t correct can beat against it and profit in the correction.</text></item><item><author>elromulous</author><text>So I&amp;#x27;m very much in camp AMD.  But, market cap has proven over and over again to be kind of bogus. E.g. do we really think Tesla is actually worth more than the rest of the top 10 or so automakers?</text></item></parent_chain><comment><author>googlryas</author><text>Not exactly, because you need to look at depth of market as well. If I find one idiot to buy 1 share of my stock (out of a trillion) for $1, that doesn&amp;#x27;t mean I really have a $1T market cap.</text></comment>