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Nvidia is now worth as much as the whole Chinese stock market (businessinsider.com)
7 points by mgh2 18 days ago | hide | past | favorite | 7 comments

Title is blatantly incorrect, I guess I know never to trust business insider. The total market cap of all the companies in the Shanghai stock exchange is $6.2T.

It's misleading and many other outlets are repeating the same thing. The total joint market capitalization of listed domestic companies for China was about 12.5 trillion as of 2020 [0] and approximately 78.8 trillion yuan [1] (about 10.90 trillion USD) in 2022 from just looking at freely available data. I'm fairly sure the original source of this statement, Michael Hartnett (chief investment strategist at Bank of America), is well aware of that. It's a purposefully deceiving claim and outlets just repeat it without proper context.

0. https://data.worldbank.org/indicator/CM.MKT.LCAP.CD?location...

1. https://www.statista.com/statistics/235090/market-capitaliza...

The issue is with the title, not the article.

In the article, they refer repeatedly to the "Hong Kong stock exchange", not the "Shanghai stock exchange" or the "Chinese stock market".

Could it be that the article was originally titled "as much as the whole Hong Kong stock market", but the reviewer worried it implied that Hong Kong is independent from China; so they changed it to a `safer` but less accurate title?

It's not even the whole Hong Kong stock exchange market (which has a market cap of HKD 28T ≈ USD 3.6T https://www.hkex.com.hk/Market-Data/Statistics/Consolidated-... ) just apparently the half of it that consists of Chinese companies.

My guess is that the author simply doesn't know that Chinese companies could also be listed on other exchanges.

I doubt it, just incompetent editors and/or writers.

I do wonder how crazy the deep dive they will have in future

I discuss NVIDIA's valuation here, and the A.I. ecosystem at large.


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