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Must be nice writing stock narrative stories. Always new content every day to make up stories about the cause of why stocks go this way or that
by qoez 11mo ago
Must be nice writing stock narrative stories. Always new content every day to make up stories about the cause of why stocks go this way or that
- shevy-java 11mo agoIt will be written with AI, of course. :) I am also getting annoyed at AI. In the last some days, more and more total garbage AI videos have been swarming youtube. This is a waste of my time, because what I see is no longer real but a fabrication. It never happened.
- afavour 11mo agoIf you don’t think we’re due a massive correction after the hype of AI then I don’t know what to tell you. Every sign is right there.
- gregoryhinkle 11mo agoI am going to show you a chart: https://i.imgur.com/q7l3lJt.png https://i.imgur.com/q7l3lJt.png This is a weekly chart of Nvidia from 2023 to 2024. During that period, the stock dropped from $95 to $75 in just two weeks. How would you defend the idea that a major correction wouldn’t have happened back in 2023–2024? Would you have expected a correction at that time? After all, given a long enough timescale, corrections are inevitable.
- afavour 11mo agoI don’t know how to start a reply to you. Because Nvidia stock dipped for two weeks in the past there’s no chance we’re due a massive correction? Makes so sense whatsoever. Nvidia’s stock price is not the start and end of AI investments. OpenAI is losing over $11bn a quarter. More than they were losing in 2023, and debt accumulates over time. Reality will snap in eventually when investors realize their promised future isn’t coming any time soon. Nvidia’s valuation is in large part due to the money OpenAI and others are giving it right now. What do you think will happen when that money goes away?
- cloverich 11mo agoFor context 11bn in revenue is 3% of Googles annually. Chat gpt has something like 800 million users. It's completely plausible that they'll fizzle. It's also completely plausible they eat Google or facebook and 11bn becomes nothing to them.
- estimator7292 11mo agoFriend, you're seeing signs in tea leaves here.
- raffael_de 11mo agoHow about all the signs are _so_ right there that they have been priced in by now?
- epistasis 11mo agoJust wait until you hear about sports reporting! Or the weather.
- marcosdumay 11mo agoWe can predict the weather, with extreme reliability, hours in advance!