So I ve been keeping track of ATYT(ati) and NVDA with one eye(what the heck Im in the whole day anyway) and it happened:a share of ATYT today was worth more than a share of NVDA. Whats going on with it is analsyt are pounding the day lights out of NVDA and giving the buff to ATYT saying they are capturing market share.
you cant compare the two share prices directly.Value of a company = no of shares x share value (if the shares of the company are 100% public that is).So its like 100 shares worth 10 dollars each are more valuable than 50 shares each worth 12 dollars.
Whiplasher is right. FYI, ATYT's market cap is $3.9B and NVDA is $2.6B.
I should have said price per share...that is the only thing I am pointing out. The other comment came from dj wire if I remember right. In any event market cap really does not mean a whole lot to me for I am not an investor I am a daytrader...other words momo trader. ;) I must admit though I have enjoyed watching perma-bears trading on the fundamentals the last few months only to get the squeeze put on them. But hey, they can just keep adding to there short position and eventually be right..correct? :DQuote:
Originally posted by russ_watters
Whiplasher is right. FYI, ATYT's market cap is $3.9B and NVDA is $2.6B.