Technology

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.

Passing the same $300 billion dollars back and forth between 5 companies does not make a great quarter ya nob, everyone sees how close the game is to falling apart.

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!"

now they are interested in linux

coward bitches

Rich man complains investors saw through his circular financing scam to artificially inflate his ~~criminal gang's~~ enterprise's stock price.

The market didn't appreciate that you had a good quarter?

The fuck kind of bullshit logic is that?

People just cashing out into other ventures it is easier to double your money elsewhere than Nvidia reach 10 trillion.

aww, Jacket man fall down go boom?

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.

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.

Jensen doesn't seem to realize that the only company profiting from AI is nvidia, and they're profiting from companies that are losing money on AI. It's a very fragile ecosystem being over-inflated. A bubble, if you will.

the CEO said. “We’re basically holding the planet together — and it’s not untrue.”

No. No dude. No. Quite the opposite.

The arrogance in some of those quotes. Holy shit.

Jensen, you and your entire company could disappear without a trace, today, and the world would be just fine.

Probably better, in fact.

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.

Well, most of that "incredible" quarter was just IOU's from Sam Altman.

The stock is down because the Overton window has shifted. Two or three months ago, AI was the future and question that was lunacy. Now it is a mainstream point of discussion that AI is a giant bubble, that it is entirely likely to pop at some point, and that the efforts pushing it so hard are bordering on irrational given the actual capability of the product.

If AI bubble pops, Nvidia loses. No more big tech companies with blank checks and open orders for AI chips that basically amount to 'please send us as many AI chips as you can manufacture whatever it costs we will pay'.

And, if anything there may be a surplus of AI chips and hardware in the market as companies that have built entire data centers for AI suddenly realize that paying millions for electricity so online idiots can generate videos of cats racing Roombas down F1 tracks is not a trillion-dollar business model.

CEO complains that his blatant circular investment infinite money glitch isn't convincing people that these perpetually unprofitable businesses are actually worth further investment.

He’s had an ego like this for a long time. I’m glad more people see it now.