[aeternum]

>real value is only confirmed when a transaction occurs

Market cap is based on the last transaction that occurred. Are you saying it's speculative until the entire company is purchased?

[satvikpendem]

Or until it IPOs. I can make a company be "worth" one trillion dollars if I sell one trillionth of my shares for one dollar.

[aeternum]

But this is how public company market caps are also valued. No one is buying/selling all of nvda.

[s1artibartfast]

yes. It is only the opinion of the last buyer and for part of the company. It may or may not translate to a total price.

Ill offer you $1 for 0.000,001 stake in your HN account. That doesnt mean someone else will buy the whole thing for $1M. Valuations in general are moving estimates.