RCA: The Nvidia of the Roaring Twenties Let’s step back to the 1920s, an era of unchecked optimism, soaring stock prices, and reckless speculation—eerily similar to today’s market. The hottest stock of the decade? Radio Corporation of America (RCA), a company at the cutting edge of the radio revolution. With a near-monopoly on broadcasting and a treasure trove of patents, RCA seemed unstoppable. At its peak in 1929, RCA shares had skyrocketed from $1.50 to $549—a staggering 352x return. Investors piled in, ignoring the warning signs. The stock traded at 72 times earnings, an absurd valuation fueled by blind speculation and margin debt. Then, in an instant, it all collapsed. When the Great Depression hit, RCA cratered to $15. The…

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