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I 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
by afavour 1y ago
I 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 1y 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.