New meaning to pump and dump.
Dropped even lower yesterday. And things might get spicier if, as some people say, his wife asks for a divorce and gets some of the shares he owns. Selling them to cash out would be a smart move for her but it could really have “funny” consequences to everyone else.
Reminds me of an old, politically incorrect joke.
Do they have elections in China?
Yes sir, every morning.
I loathe living in the era of the Business Idiot
Like in this case it’s hilarious, but these absolute morons that have all the money pisses me off so goddamn much
Honestly now’s probably a good time to buy because after the current drama blows over they are still going to be the ones selling the shovels in the AI gold rush and will still be valuable
Nvidia is the Cisco systems of the AI bubble. Cisco was the center of the dot com bubble, they were the ones selling the shovels during that bubble. When the bubble burst Cisco stock took a nosedive and didn’t return to its dot com peak evaluation until the current bubble.
Do not buy Nvidia stock unless you sell it tomorrow. Buying Nvidia stock right now is too high risk for way too little gain.
Thank you! Been trying to explain this for ages.
nVidia’s current stock price reflects the idea that they’re going to continue selling ungodly amounts of GPUs for ludicrous prices. Once neoclouds fold and there’s a glut of them on the market, and hyperscalers pause AI data center construction because they’ve overextended their capex, sales slow down and so does their stock price.
They’ll continue to sell GPUs but it’ll be far fewer of them for far less money and all those people excited to own their stock will stop buying it and the price will stagnate, if not drop, staying depressed for years.
Not to mention all their investments in these AI companies and neoclouds will drop to zero as they begin to fold. And all the circular financing will come back to bite them. They’re in for a rough time, possibly for decades.
The problem is that the AI boom is currently highly leveraged and any risk to liquidity can cause the boom to fade. The drop of Nvidia stock could be enough to tighten the market.
It was falling before the election. Election was a week ago, not a month.
Love will even make the one-eyed wink
Incoming 8% drop for ejection?
Don’t know, Nvidia’s statement on this was pure deflection.
