> Combined, the three companies raked in, on average, some $404 million in profits every day for the last three months.
Just for perspective, Nvidia's daily profits for the past quarter are $641 million. For Apple it's $327 million.
Just for perspective, Nvidia's daily profits for the past quarter are $641 million. For Apple it's $327 million.
Off the top of my head I can’t think of another company or industry that would profit from a supply side shock the way the oil industry does.
However, the US oil industry is not supply constrained by the war. They can still produce as much oil as ever. It's only their competitors in the middle east that are affected.
They reduces the global supply of oil and increases demand for US oil. That's why their profits are up.