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Yogthos
@yogthos@social.marxist.network  ·  activity timestamp 4 days ago

Thiel fully dumping his entire stake in Nvidia, the AI poster child, is the ultimate insider signal for an AI bubble pop. His move suggests that people in the know believe that the hype has peaked and the reckoning is near.

https://www.thestreet.com/investing/peter-thiel-dumps-top-ai-stock-stirring-bubble-fears

#usa #economy #ai #bubble

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TAL
@tal@mastodon.social replied  ·  activity timestamp 4 days ago

@yogthos I fear we are going to be left with another Google monopoly this time next year

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Yogthos
@yogthos@social.marxist.network replied  ·  activity timestamp 4 days ago

@tal very possibly

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timmy :flow:
@timmy@goblin.camp replied  ·  activity timestamp 4 days ago

@yogthos softbank also dumped their entire nvda position, but in classic masayoshi son style, did so to put more money into openAI

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Yogthos
@yogthos@social.marxist.network replied  ·  activity timestamp 4 days ago

@timmy I can only guess that they're banking on openai getting a bailout

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