Before ChatGPT, Nvidia was a modest $400 billion. Now, at $5.1 trillion, it's clear they've simply discovered the cheat code for infinite market cap. This isn't a company, it's a glitch in the Matrix... and it's probably running on an Nvidia GPU. This is gonna crash so hard because it is not sustainable.
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@nixCraft basically the AI industry is at "create God or bust"
@nixCraft (looks up the ETF for "Short NVDA")
@nixCraft I really like the following analogy to NVIDIA's deals with openAI, Intel and Oracle:
I give you 100 dollar to dig a hole and you give me 100 dollar to fill the hole. We both have 100 dollars of revenue and nothing gets done.
The stock price is a reflection of that strategy
@nixCraft the risk of unplanned success
@nixCraft like how Tesla has crashed right after promising FSD for now over a decade & delivering nothing? Or ex twitter, Or how Oracle crashed in the 10s, Microsoft crashed in the 00s or Apple in the 90s or IBM before that. I think they have found the cheat code... It is called bottomless greed.
@nixCraft is it due to expected profits or by how valuable it could be to control it, the way billionaires buy big media not for their gains but for controlling the masses?
@nixCraft History is repeating itself. These are reminisce of "The Dot Com Bubble."