Sucks that even though I’m not invested in anything, when this pops I won’t be able to buy food. Thanks a lot, wealth and “security” chasers.
Peter Thiel dumps entire Nvidia stake, slashes Tesla holdings amid bubble fears
Submitted 7 hours ago by return2ozma@lemmy.world to technology@lemmy.world
Comments
the_q@lemmy.zip 6 hours ago
CosmoNova@lemmy.world 3 hours ago
I thought we decided to not post stonks crap in here. It‘s what completely ruined the technology community over at Reddit before the entire site was ruined.
echodot@feddit.uk 37 minutes ago
It’s a lot better than the practise of posting basically every news story because it tangentially involves a computer.
dil@lemmy.zip 2 hours ago
I want to see it, lemmys got a bigger problem with individuals trying to control what everyone else sees, you have many options like blocking the poster
rafoix@lemmy.zip 3 hours ago
Unfortunately, these stocks being high are directly related to so much of the tech world being complete shit right now.
CosmoNova@lemmy.world 2 hours ago
You see that is exactly the problem I have with these posts. You don‘t actually know if the trading portfolio of a mega evil asshole actually has any impact on the technology world. Stocks are just gambling and he could make the wrong move here. Like 90% of high traffic posts in r/technology was just random billionaires trading stocks at some point. It was utterly pointless.
RyanDownyJr@lemmy.world 7 hours ago
DragonTypeWyvern@midwest.social 3 hours ago
They’ll wave it off as him deciding Elon is the antichrist he’s been moaning about
TropicalDingdong@lemmy.world 7 hours ago
To shreds you say?
felixwhynot@lemmy.world 4 hours ago
And how’s his wife?
Goodlucksil@lemmy.dbzer0.com 3 hours ago
To shreds you say?
Prove_your_argument@piefed.social 6 hours ago
This goes back to September.
Don’t make actions today based on something someone did months ago. Look at the situation now.
Nvidia is still being given piles of money. Everybody knows it’s gonna blow eventually… but if there’s a dip today it will rise again until a real crash once buyers stop paying.
DRAM going to the moon right now over demand is not a good sign of nvidia losing steam any time soon.
blarth@thelemmy.club 6 hours ago
People are way too pessimistic about AI. NVIDIA is going to sell GPUs by the truckload until research finds a way around CUDA.
Sure, the pace of big leaps has slowed, but I liken this phase to the early 1900s. Cars were slow and unreliable, but once the technology took foothold and the 4th Industrial Revolution really took off, look how much progress was made. We went to the moon by the 60s.
GaryGhost@lemmy.world 5 hours ago
AI is causing water shortages, rising electric costs and chip shortages. AI is just a fancy search engine, that can be a useful tool. It was awesome for ai to read my blood test results but I don’t need it for most things, a waste of energy. Search engines should have an off button for ai, turn the lights off when we’re not using it.
Prove_your_argument@piefed.social 4 hours ago
I really just see current AI as search 2.0.
It’s less dumb, but it’s still fucking dumb. Search gives me garbage results constantly, so does AI. AI is usually just a little bit easier to figure out since you just ask it natural language questions unlike traditional search.
When googling anything today you really can’t find useful information unless it’s a very specific set of instructions usually on a social media site. AI doesn’t give you nearly as much garbage unless you start asking it really complex questions.
trajekolus@piefed.social 4 hours ago
Interesting comparison, but how many of the original car companies are still around today? And did those early car companies inflate and manipulate the stock market?- they probably weren’t even publicly traded in the early days.
I think a crash is on its way.
forrgott@lemmy.zip 4 hours ago
I cannot fathom why I wouldn’t be pessimistic about a tool that’s being crammed into places it doesn’t fit. There are a small handful of things generative algorithms are genuinely useful for. But expecting it to magically solve anything else is foolish, and always will be.
verdi@feddit.org 3 hours ago
*Scooby-Doo voice
ruh oh
Draegur@lemmy.zip 7 hours ago
when you see the rats running from the end of the ship that’s settling a little lower in the water… that water ain’t outside the hull anymore.
Venator@lemmy.nz 1 hour ago
CubitOom@infosec.pub 6 hours ago
ToastedRavioli@midwest.social 37 minutes ago
Everybody remain F***ING calm!
mctoasterson@reddthat.com 6 hours ago
Microsoft, Oracle, Nvidia, AMD, etc. all inking new partnerships to generate a headline and valuation increase. Meanwhile AI companies PE ratios creep upward.
The top few companies can only helicopter cash at eachother for so long before the bubble eventually busts. That’s not new income being generated, it’s more akin to check-kiting in a public trading context.
beemikeoak@lemmynsfw.com 5 hours ago
Ready to pump this beatch?
empireOfLove2@lemmy.dbzer0.com 7 hours ago
That means the peak is here. The insider of all insiders sold? Dump everything!
Mk23simp@lemmy.blahaj.zone 6 hours ago
Imagine if he waits for people to panic and sell off and then buys back into the market.
In this case, I expect that the market is due to tank for real soon, so that would maybe be a stupid move, but it seems like in general someone could literally trade on the perception that they’re an insider (regardless of whether they have real inside information or not) to manipulate the market in their favor.
unexposedhazard@discuss.tchncs.de 29 minutes ago
Who cares tho. Anyone who sells now still made massive gains. Only gamblers think about “potential gains”.
5C5C5C@programming.dev 6 hours ago
I imagine this should count as illegal stock market manipulation, but the government would be too toothless to prosecute it.