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Is this actually a problem for Nvidia? I'm sure they knew that the buttobitcoin craze wouldn't last forever and would eventually result in a stock price fall. T
by ydufucucuc 8y ago
Is this actually a problem for Nvidia? I'm sure they knew that the buttobitcoin craze wouldn't last forever and would eventually result in a stock price fall. They made vast improvements in their technology and raked in money. That that ride wasn't sustainable isn't a big deal if they didn't make investments that depended on the bubble never popping.
If I was an investor I'd be pissed, but only because investors want prices to rise regardless of any underlying physical reality, but the executives should be laughing all the way to the bank. It's just a post bubble correction.
- usrusr 8y agoIt can be a problem if ownership changed a lot during the craze and new owners can't stand the idea of being the ones left holding the bag. Suddenly there will be pressure to do insane bets and suicidal short term magic that would not be there if the hype had never happened. Call it residual irrationality of you like.