#Tag
Aha, looks like Nvidia's earnings - up 62% year-on-year - may stop the run for the doors in its tracks & if so there will be a lot of people rushing to buy this dip....
but whether this puts an end to wider concerns about the AI bubble/boom remans to be seen?
after all the chip seller will do well from the building of the data centres, its the firms using them that actually have to show AI can make a return on that investment....
#AI #FinancialCrisis #economics
h/t FT
Well, well, well, Peter Thiel in the last days/weeks (according to regulatory filings in the US) has sold his entire stake in Nvidia (a key stock linked to Artificial Intelligence) & has reduced his Tesla holdings... given Thiel is at the centre of many TechBro-ocracy, if he's bailed out of Nvidia in the last weeks, I think its safe to say the AI bubble is about to burst....
Time to batten down the hatches folk... and watch out for the 'too big to fail' crowd
Well, well, well, Peter Thiel in the last days/weeks (according to regulatory filings in the US) has sold his entire stake in Nvidia (a key stock linked to Artificial Intelligence) & has reduced his Tesla holdings... given Thiel is at the centre of many TechBro-ocracy, if he's bailed out of Nvidia in the last weeks, I think its safe to say the AI bubble is about to burst....
Time to batten down the hatches folk... and watch out for the 'too big to fail' crowd
Hmmm... I've woken up to the news that there's been a slide in Asian stock markets, concentrated mostly on shares with exposure to AI-related investment (costs), following a dip in the US markets yesterday.
Is this the start of a 'correction' focussed on the over-promising of AI-related investment, or just a figment of stock market volatility (which has been rising this year); itself perhaps indicting a lack of consensus on value(s) in shares?
May be clearer by Friday!
The 1924 New Mexico regional banking panic
https://nodumbideas.com/p/labor-day-special-the-1924-new-mexico
#HackerNews #The #1924 #New #Mexico #regional #banking #panic #bankinghistory #financialcrisis #NewMexico #economiccollapse #history
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