Stock market hemorrhages $1TRILLION as Nasdaq drops 4% on fears China is winning AI arms race
Comments
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No other chip or GPU manufacturer can really compete here in the US so yeah it should continue to beat expectations.
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Who are you talking to man? You’re wigging out.
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I'm not advocating for buying anything. Merely pointing out that the demand for Nvidia's AI chips took a huge blow today
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You don't know what you're talking about. If you did, you would know the backlog for their GPU's is months and years long. Their stock price took a hit not their demand for their technology. There is already massive push back on this fraudulent Chinese BS propoganda.
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It's not that deep my guy. Months and years of backlog, yes, but drastically diminished by some factor that can't yet be quantified until it's clear how much these new AI models will be utilized. I'm not sure how that's not a decrease in demand, but go on. If that's not the case, please explain to me why Nvidia dropped 20%. Then explain to me how this is a black swan event and no one else in the world will develop something similar outside of China.
Notwithstanding that I am deeply involved with semis in the bay area, I'd trust market forces before an Internet tough guy fighting strawmen.
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Dumbfuck, I've sold this shit for 25 years. I sold Nvidia their first VMware software circa 2005 and my own company for $14MM. GFY fool.
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I’m with Roadhead here (And we never agree on everything)…..that was an incredibly dumb thing to say and overreaction.
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great story, but irrelevant I’m afraid
You’ve got Buck on your side though, fwiw
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If it's Chinese it's highly likely it's fake or misrepresented in some way. How many uighurs in a camp with Google translate does it take to mimic AI? Reverse turing test.
It seems like they are ramping up the "China is ahead of the US" agit prop to deter Trump(or at least his base) from wanting further direct confrontation.
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I just appreciate Sources reading Apple News articles and trying to pass that article off as his analysis lmao.
