AI's Winners, Losers and Wannabes: An NVIDIA Valuation, with the AI Boost!
Musings on Markets
JUNE 23, 2023
Note that for the most part, semiconductor companies carry light debt loads, leading to enterprise values that either trail in market capitalization in some years (because cash exceeds debt) or are very close to market capitalization in other years (because net debt is close to zero).
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