Here's a look at the rally Tesla $TSLA had from the COVID Crash lows through its peak on 11/4/21 compared to NVIDIA's $NVDA run since its '22 low just before ChatGPT's release.
TSLA rallied more than 1,600% over 413 trading days versus NVDA's 800% rally over 350 trading days.
Imagine telling people at the low when there was a 100% chance of a recession that the market would rally 70% and people would be frantically googling for 'AI stocks'.
$NDxz
โน๏ธ There are no longer any companies in the $3 trillion market cap club.
$MSFT $2.99 trillion
$AAPL $2.63 trillion
$NVDA $2.15 trillion
NVIDIA $NVDA has caught up quickly.
$SPY ~ {Big Picture}. Quarterly Long Term Chart. Big breakout of the consolidation box that had been in place since late 2021. Target is now 7000 for S&P500. Wall Street has historic holding of cash (fiat) $6 trillion in โmoney marketโ funds. 2 places it goes is $QQQ & #bitcoin.