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No disagreement from me there. But for the year to date the Nasdaq composite is down less than 4%, whereas NVIDIA is down 20%.
by bwestergard 2y ago
No disagreement from me there. But for the year to date the Nasdaq composite is down less than 4%, whereas NVIDIA is down 20%.
- deleted 2y ago[deleted]
- dwedge 2y agoBecause of deepseek right? Saying it's the end of AI because of another AI is difficult to swallow
- YetAnotherNick 2y agoNvidia is up 24% in last 1 year compared to <10% for Nasdaq or S&P. Cherry picking the point to compare to is bad.
- mlinhares 2y agoI'm definitely betting the AI bubble is going to burst but NVIDIA isn't the company that will go down with it, they actually have a real business that is not just AI hype behind it. The insane valuation they have now might not hold but I doubt they are at any risk of disappearing.
- danielcampos93 2y agothey also 10xed their revenue. 24 seems low for someone that pulled that off.
- enragedcacti 2y agoIt's not cherry picking to use recent data to dispute a claim about recent events. YTD might not be the best choice but its better than 1Y. 1M or Feb 20th-now give similar though not as quite as extreme differences (∨7-8% SPY vs ∨20-23% NVDA).
- YetAnotherNick 2y agoFeb 3 to current is -8% for Nvidia and -10% for Nasdaq. Arbitrary point will give arbitrary results. Also Amazon which is least associated with gen AI in big tech is down 20% at that time.
- enragedcacti 2y agoThey aren't arbitrary. I picked the dates I did because they coincide with the widespread narrative of selloffs from tariffs and they are decent bounds on a period of stability for both. Amazon is especially vulnerable to tariffs. To be clear, I'm not really staking out a hard position on gen AI being the one true cause here, I just don't find "it's just part of the overall tariff driven market decline" to be very convincing.