Why Nvidia, Not Solar, Has a Place in the Sun

The semiconductor industry is a strange field. Play your cards right, and you can turn $60 billion or so of annual revenue into a $2.62 trillion business. Do things differently, and roughly the same volume of sales might translate into $44 billion of market capitalization.

Such divergent outcomes tell us a lot about the way capitalism in the US and China is producing drastically different outcomes on a planet confronting the wrenching shifts driven by artificial intelligence and climate change.

setting sun

If you measure technology by the value of the companies that sell it, you would argue — as some in the US have been doing — that AI is the future of industry, while renewable power is a busted flush.