this post was submitted on 07 Aug 2026
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its nvidia and AI creating a bubble on the belief they'll be able to get profit and get out before it pops.
But all it is.. is imaginary money going around in circles. nvidia invests a trillion in AI, AI buys a trillion dollars of nvidia videocards from some nebulous point in the future where they arent made yet, nvidia invests that trillion back into AI, AI uses it to buy ridiculous amounts of ram that wont be made for years, RAM invests it back into AI, and on and on they go, generating imaginary money and value, by buying imaginary things.
under a sane government this would be investigated as raw stock manipulation and fraud
I really hope when this bubble pops nvidia is destroyed in the process along with the AI companies.
It's the same accounting trick as enron, but intercompany instead of internal.
Nvidia already made tons of profit off it. They're the ones selling shovels.
nvidia is actually the only one that made profit
Then Nvida financed more shovels to the speculators in the hopes that enough of them will strike gold it will get paid back, but also created a shortage in the shovel market so the price of shovels is going through the roof.