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My question is, when the crypto market corrects, will it spark a broader tech pullback? The big four will be fine, but lots of unprofitable tech companies will
by wils1245 9y ago
My question is, when the crypto market corrects, will it spark a broader tech pullback? The big four will be fine, but lots of unprofitable tech companies will be vulnerable.
- ngsayjoe 9y agoYeah, just like the last Dot com bubble when it bursted some traditional companies didn't follow, e.g those components of Berkshire Hathaway. My guess is AAPL, AMZN, INTC, GOOG, MSFT should all be pretty safe. Can't be said for Snap, FB, NFLX, TSLA, NVDA. I would love to see TSLA succeed though but it has lots of debts.
- lostmsu 9y agoWhy NVDA is not safe? They are pure hardware, that the former 4 need all the time.
- graedus 9y agoI'm guessing the argument is that some significant portion of the demand for NVDA parts is due to crypto mining (I don't know how significant). If you imagine that demand dying down then NVDA doesn't look as good I suppose. Their products are still good though and there was plenty of demand for them before crypto mining and speculation became a factor.
- ngsayjoe 9y agoThe current crypto mining mania certainly contributed much to NVDA bottom line.
- dreit1 9y agoTake a look at the markets, many cryptocurrencies have corrected hard in the past couple of months. Many trade 50% below their peak price (ratio to BTC not USD) right now. Cryptocurrency markets are ruthlessly efficient