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AI bubble madness: Why Nvidia's market cap fell $600,000,000,000 in One Day (www.youtube.com)
submitted 11 months ago by to c/usa@midwest.social
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[–] 8 points 11 months ago

Pop some popcorn and get ready for fireworks.

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    18 comments in c/fuck_ai@lemmy.world view that post
    [–] 99 points 11 months ago (1 child)

    This is your repeated reminder that the value of a stock is not determined by actual value, but by what other investors are prepared to pay for it.

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    • [–] 25 points 11 months ago (11 children)

    Is it finally bursting?

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  • [–] 23 points 11 months ago (8 children)

    Nope, up over 2% in the last 5 days.

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  • [–] 3 points 11 months ago (4 children)

    It shows as down 3.8% over the last 5 days for me. Down 7.1% over the last month.

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  • [–] 2 points 11 months ago* (3 children)

    Which market? I looked up the S&P.

    DJI is up 2% in 5 days. S&P is now up 1.27% over the same period, according to Google, using ICE Data Services data.

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  • [–] 3 points 11 months ago (1 child)

    Depends what "it" is. NVDA is down 4.5% for the month. MSFT down 9%. GOOG is somehow up 24%.

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  • [–] 6 points 11 months ago

    Google made a pro version of Gemini 3. Benchmarks show it works like GPT on their own Tensor processors. All in house, all their own processing, and no external sources to rely on. While I don't like any of this. Google is playing the long slow and boring con. They have all the worlds data. They can keep processing until the end of time.

    And that's why they're up. Weirdly they're just outside the self suck circle of openAI Oracle Amd Nvidea etc

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    • [–] 11 points 11 months ago (1 child)

    Zoom out? We're back to numbers from 2-3 weeks ago.

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    • [+] 4 points 11 months ago (1 child)
    [deleted]
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  • [–] 2 points 11 months ago

    I switched to AMD 5 years ago over this nonsense. Cheaper, just as good except maybe for CAD engineering and a few other niches. I can't tell the difference with the bajillionth of increase of whateverthefuck Intel has. Arch Linux running games with no issues. No regrets here.

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