Comment on The Value of NVIDIA Now Exceeds an Unprecedented 16% of U.S. GDP
scarabic@lemmy.world 4 days agoDon’t feel bad. I don’t think shorting can do any good. Betting we won’t need powerful chips in the future seems like a bad bet. The main scenario where we won’t is if we’re all dead, in which case all stock market bets are worthless anyway.
unit327@lemmy.zip 3 days ago
I can say that nvidia is way overvalued and that it’s share price is going to go down without saying that we won’t need powerful chips.
scarabic@lemmy.world 3 days ago
Don’t tell me. Go short the stock and make a million.
unit327@lemmy.zip 3 days ago
As I already said, it’s impossible to time it and you’d be an idiot to try. There could be three more years of bubble first in which case shorting on margin would be ruinous. “Markets can remain irrational a lot longer than you and I can remain solvent” yada yada.