I sold off my Nvidia stock about 3-4 weeks ago in the effort of divesting myself of all the AI futures. I also had sold off Amazon, MS, Intel, etc. (I never owned Tesla). With the money I bought Berkshire Hathaway, med tech/pharm stocks and stock of my local energy supplier since they hiked my rates those MFers, as well as a chip corp opening a fab here. Also can’t go wrong with MC. I keep away from crypto and consider AI a poison pill… worse than the real estate bubble in the early 2000s. Just want to say, I am not a huge investor… I just decided to buy stocks instead of shoes cuz they take up less space and tend to increase in value vs lose value. No one sells their shoes.
I also moved some money into European and Asian stocks.
I made good money off nvidia. Not going to be a bag holder.
nvidia/AI tech is hoping another industry will be the bag holder, thats why they are peddling to retail/service industries.
The market doesn’t give a shit about you or your company. The people who bet lots of money on your company’s success or failure give a shit about whether your company is a pile of rubble in x amount of time when they can cash out.
Let me fix that phrasing: “One of the richest men in the world complains that others did not give him more money after his business made so much money.”
What a sad existence. Find some other form of validation, dude.
Pretended to make a bunch of money. Stock buybacks and giving AI companies money so they’ll use it to buy your hardware doesn’t count.
Yeah, they did some shifty stuff to pad their numbers. They still made an absurd amount of money.
In a gold rush, the real money is in selling shovels. But you have to take cash upfront.
Which is fine and dandy until the gold miners realize that they aren’t going to find enough gold to make it worthwhile and stop buying shovels and the market value of your company depends on your ability to continue selling shovels. Twenty five years after the dot com bubble burst, shovel seller Cisco is only just now reaching the same stock price they peaked at in early April of 2000.
Market cap is just share price times the number of shares. Can potentially be completely divorced from how well your company is actually doing. Conversely, a drop or rise in market cap doesn’t have to mean your company is doing better or worse. If you’re selling shovels, you still have the money when the music stops.
He pulled the same BS during covid, record profits and sales of the 30-series cards and he tells investors on a call “don’t worry, we’re going to get through this” as people started going back to work.
He’s had an ego like this for a long time. I’m glad more people see it now.
People just cashing out into other ventures it is easier to double your money elsewhere than Nvidia reach 10 trillion.
Yeah because more information has come out about Nvidias fraudulent investing and valuation.
A halfway decent SEC would be torching them right now, but I’m sure Trump has appointed people who are for sale for very cheap.
When Trump is gone, we need to Nuremburg and aggressively FTC those assholes. And raise their taxes to 90%. GTFO of here.
The entire market saw the US government shovelling money in to your loading dock, Jennie. The market may be ignorant, but they’re not stupid.
This guy is certifiably evil.
“If we delivered a bad quarter, it is evidence there’s an AI bubble. If we delivered a great quarter, we are fueling the AI bubble.”
The proper way to read this is:
“We absolutely, 100% are in an already over inflated bubble, therefore if we deliver a bad quarter it could be a sign of the bubble popping. If we deliver a good quarter, we are fueling the bubble further”
I wonder how the quarters are going to look next year when OpenAI cannot pay Oracle 6 times their current revenue in contracts, and therefore Oracle won’t deliver the contracted Data Center capacity requiring 2 non-existen Hoover Dams worth of power to run them and therefore NVidia will be left holding the bag on millions of commissioned but not sold GPUs
what pisses me off about this whole AI bullshit bubble are the higher energy prices I am being charged for their data centers. It moved me to purchase shares in National grid to hedge this shit.
Meanwhile on the Titanic:
“People are getting so upset about a little water in the hull. They clearly don’t appreciate how great the trip has been so far!”
“We’re basically holding the planet together — and it’s not untrue.”
Maybe you should change that. Make it two or three at least.
now they are interested in linux
coward bitches
I never understood how capitalists claim market prices are the true source of truth and yet disagree with it when it’s not the outcome they like.
Add a few personality disorders and it starts to make sense.
That’s the neat part, it’s a scam
capitalists claim market prices are the true source of truth
Until any sizable amount decides to sell and it all falls apart because it’s actually not the source of truth lol.
In a true free market stock prices would become totally random noise. Even the best capitalist theorists (economists) came to this conclusion.
Capitalist theorists, you say? I call them astrologers for the wealthy.
aww, Jacket man fall down go boom?
No one will appreciate when you crash the entire economy either you greedy cow
