Post An6OPfrl8mupTHOGga by canleaf@mastodon.social
 (DIR) More posts by canleaf@mastodon.social
 (DIR) Post #An4uklePdXydi7KUpU by jonny@neuromatch.social
       2024-10-16T22:45:17Z
       
       3 likes, 7 repeats
       
       Nvidia being worth 11% of the US GDP is not bubble behavior at all no sir
       
 (DIR) Post #An6I3mASQokOv4JMCu by Npars01@mstdn.social
       2024-10-17T00:20:15Z
       
       0 likes, 1 repeats
       
       @jonny AI is a fossil fuel funded pump & dump.https://www.cnbc.com/2024/09/22/middle-eastern-funds-plowing-billions-into-the-hottest-ai-start-ups-.htmlhttps://news.crunchbase.com/venture/q3-2024-funding-recap-charts/It's sucking all the oxygen needed for more worthwhile investment. Pray it doesn't trigger a recession when the bubble bursts, like the dot com bubble.
       
 (DIR) Post #An6NhOwogKviG3e2y0 by rimu@mastodon.nzoss.nz
       2024-10-17T02:10:19Z
       
       1 likes, 0 repeats
       
       @jonny Although, their shares have a P/E ratio of 61 which is high-ish but not super crazy for a US tech stock.
       
 (DIR) Post #An6OPfrl8mupTHOGga by canleaf@mastodon.social
       2024-10-17T06:08:14Z
       
       0 likes, 0 repeats
       
       @jonny So was Nortel. Where is Nortel now?
       
 (DIR) Post #An6OPgLXM4jcxdK36G by ThatWouldBeTelling@shitposter.world
       2024-10-17T15:57:32.662315Z
       
       0 likes, 1 repeats
       
       @canleaf @jonny The "dot.com" crash was much more of a telecom crash, and Lucent and Nortel (formerly Bell companies) died due to that along with very bad management.  Nortel also suffered from PRC hacking which resulted in copycat products being made there; Huawei was also noted to blatantly do that with Cisco gear.Will be interesting to see Nvidia's reaction to decreased "AI" demand sooner or later as we assume.  That said, they've laser focused for a couple of decades on making their GPUs generally useful, for example TSMC who makes their chips uses their gear for computation in making masks etc. which is ever more challenging given all the optical tricks being used for leading edge chip nodes.
       
 (DIR) Post #AnCsk7o782VlUi72nI by aud@fire.asta.lgbt
       2024-10-17T01:05:13.795Z
       
       1 likes, 1 repeats
       
       @jonny@neuromatch.social in my interviews lately (which all have some variation of “AI” in the description regardless of what they’re actually for) I’ve been using the phrase “there will be blood on the floor when it pops” and wow, visually, I did not know how right I was.You’d think, you know, these execs and economists make the big bucks for supposedly doing these things correctly, but I don’t know in what world “we dumped a bunch of money into a thing that didn’t work and we fired the people that told us it didn’t work” is anything but mind numbing incompetence.