Public corporations typically have a market cap at a multiple of at least 2x to their Net Asset Backing.
So you could buy equal capital equipment to Nvidia, and hire staff with an equal budget, even buy the "IP", and still have MOST of Nvidia's market cap left over.
Conventionally termed "Goodwill", that remaining value is mostly their relationships with the State, that allow them privileges in many, many fields.
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That still exists as long as the Nvidia brand or stock exists
If their connected authorities are gone, there's no IP anymore to own
If we get tokenized stocks, I assume it would mean we have new authorities that replaced the old ones, or it's just the old ones trying to cling to legitimacy
True.
Most of the value of Nvidia is government, so the 95% probability bars are quite wide if govt changes discontinuously
