As one of the top 10 in history and the biggest IPO of the year, $Rivian Automotive (RIVN.US)$ It also lived up to expectations for 5 consecutive trading days after listing. The market capitalization hit 150 billion US dollars, surpassing it $General Motors (GM.US)$ ， $VOLKSWAGEN A G (VWAGY.US)$， $DAIMLER AG ADR (DMLRY.US)$ For traditional car companies, as a startup car company that has not yet been mass-produced and delivered, where is the ceiling and moat?
1. [In terms of market sentiment]
Market sentiment is just one word; what a word for “fire.” Take a look at the daily trading volume and see what the community is talking about, even though it hasn't reached the beginning $GameStop (GME.US)$ ， $AMC Entertainment (AMC.US)$ It's hot, but if you pay attention to US stocks, you'll at least overlook this highly controversial stock.
Looking at valuations in the long run, and looking at sentiment in the short term, the logic of rising water has been around for a long time, and it is still used today. High-growth enterprises are even less likely to be viewed from a traditional perspective. It is said that people are gathering firewood, and the influx of large amounts of hot money is driving up stock prices. Retail investors are getting higher and higher, and then they are getting higher and higher. Then they start to regret why they are not decisive.
People are always used to increase their positions in a falling market...