Wouldn’t this be more about the fact he’s in the Epstein files, and the depth of corruption involved is about to drop. This is liquidating assets so they can’t be seized.
come on, fucking burst already! 🙏🙏🙏
Why would anyone still have Tesla stock?
I don’t know if Thiel is a smart investor, but if this is on of the first sign of the AI bubble burst, yay!
He invested $800M in Yahoo! In 2008 and lost it all, among a whole series of other fuck ups. I think he’s an illustration of the rule that if you’re rich enough you don’t have to be very good at anything
Yeah, but also if your rich enough, you accidentally decide crashes. Him selling almost surely caused others to sell, and many to become skeptical.
Yeah. “Genius investors” are just people who have insider information and know how to cover their tracks (or don’t need to).
Otherwise? Diversify and just ride the general economy. Barring insider information, it wins every single time.
Maybe thiel has insider info. Maybe not. Pretty much everyone assumes this is a bubble that will pop. I am a lot more skeptical (how many “bubbles” have we had that mostly just petered out or readjusted to reasonable levels?). But there is also an argument to get out while it is “high enough” and leave others to hold the bag if/when it does pop.
Diversify and just ride the general economy.
I think for most people that means some weeks you buy food, some weeks you pay rent.
He’s not. Nvidia is the only company actually making money from this. The bubble bursting doesn’t really hurt them at all. Their company isn’t based solely on AI, and they have plenty of other baskets to shift their eggs into.
The actual fabs are making money too. Nvidia doesnt actually make anything
TSMC makes the GPU, micron makes the VRAM.
There are 2 anonymous customers who are responsible for 39% of nvidia’s 2nd quarter sales. These 2 companies are almost certainly AI related.
Yeah, but that’s almost entirely because they’ve shifted hardware priorities to AI and inflated their pricing to capitalize on the corporate grift, over everything else because of the bubble and limited competition. Losing that means little actually changes, they just shift hardware sales back to other customers instead of telling everyone elss to go fuck themselves while they send everything to AI companies.
Before AI pops, American AI will.
Which is good, it’ll mitigate the damage.
First rule about bubbles popping: If you think it will happen soon, it will not.
Youre wrong until youre not.
Exactly
Depends if it’s made of glass or detergent.
I hope ram prices go down when the bubble bursts
I hope all PC parts crash and we all can cash in on some sweet rigs or upgrades.
I imagine if the bubble pops, then loads of people will suddenly be out of work. So prices may drop, but money might also be scarce.
So pc part prices are gonna be the lowest they’ve ever been, but I’m still not gonna be able to afford them?! 🫠
That tracks
And graphics card prices.
Didn’t a bank dump all their shares recently too?
Edit: https://apnews.com/article/japan-softbank-son-nvidia-ai-chips-d8a10172850628c317a214280a4d94c9
Hah, bank is in the name, but SoftBank is a major tech company in Japan.
I wonder how close we are to the AI bubble popping. whenever I see these posts about tech companies and STONKS I get really excited
I don’t. I remember tales my grandparents told me of what their parents went through in the Great Depression. I have 0 interest in experiencing any of those things myself.
And what did your grandparents tell you about the Dotcom bubble?
That it didn’t coincide with a president starting trade wars with all our closest trading partners for no reason.
