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After repeatedly verifying the data, the figure of hundreds of trillions of US dollars is indeed astonishing. I checked the total market capitalization of the US stock market, and currently the entire US stock market's total value is only about 58.6 trillion US dollars.
Then I went back to look into the financing history of a certain leading company. During the Series C financing in 2021, the valuation was 20 billion. The current market consensus is that the valuation is in the range of 30 to 40 billion, which in USD is approximately 4.3 to 5.7 billion dollars.
This is quite outrageous. How exactly is the figure of hundreds of trillions of US dollars calculated? What logical basis is it built on? I find it a bit hard to understand.