The numbers Nvidia are putting up may not be a lie but they are certainly achieved in a very odd and incestuous way such as using GPUs as collateral for loans.

The numbers Nvidia are putting up may not be a lie but they are certainly achieved in a very odd and incestuous way such as using GPUs as collateral for loans. Worst still is companies pretending these cards won’t depreciate rapidly. The closest analog is a previous hamster wheel Nvidia was involved in with crypto mining before Ethereum switched to proof of stake and gutted the crypto video card mining industry. https://longportapp.com/en/news/100635792 https://longportapp.com/en/news/100635792 Let’s let Google’s new AI results tell us the signs of a bubble and I see all of these with the current AI grift. Rapid price increases High valuations Speculative behavior Increased media attention Lack of fundamentals Prices rise regardless of news Other asset prices are soaring, too New traders say that old investors "don't get it" Stock valuations in the top percentiles The stock market was on fumes before the current AI hype hit and we all crowded into 7 stocks. Wall Street needs this to keep the cycle going, but I don’t think it’s enough.