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The Punished Mitch said:
The madman is still in. Craziest trade of all time, ~50k to nearly 600m :story:
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Christ, I'd have cashed out long ago. Guy has some balls

reptile baht spaniard rid said:
How dare you suggest that a video card manufacturer turned spam AI generator isn’t the second most valuable company the world has ever seen!!!!!!!
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AI is such a bubble it's nuts, especially on the hardware side. Software side I kind of get it, since it can be used to generate a ton of revenue down the line, but the hardware seems less so since you buy a server you can use it for a while. Obviously there'd still be growth but to be ahead of the software companies seems nuts.
 
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Hollywood Hulk Hogan said:
AI is such a bubble it's nuts, especially on the hardware side. Software side I kind of get it, since it can be used to generate a ton of revenue down the line, but the hardware seems less so since you buy a server you can use it for a while. Obviously there'd still be growth but to be ahead of the software companies seems nuts.
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People really do love that "sell the shovels" meme from the gold-rush era. But they assume that NVDA's current lead will never be attacked (just as TSLA was boosted up so high). And we have evidence that chipmakers come back and competitors come forward (Intel has been both unassailable and nearly dead so many times in its history alone).

It's clear to me that there's still a lot of liquidity sloshing around that probably shouldn't be.
 
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reptile baht spaniard rid said:
People really do love that "sell the shovels" meme from the gold-rush era. But they assume that NVDA's current lead will never be attacked (just as TSLA was boosted up so high). And we have evidence that chipmakers come back and competitors come forward (Intel has been both unassailable and nearly dead so many times in its history alone).

It's clear to me that there's still a lot of liquidity sloshing around that probably shouldn't be.
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For sure. Once NVDA sells the chips to the tech companies, the demand and earnings will go way down, and even more so once more competitors come forward (like you said). Obviously companies will always be buying new chips, but not at the rate they are now by any means.

Speaking of TSLA, I think TSLA investors are the biggest copers I have ever seen.
 
reptile baht spaniard rid said:
People really do love that "sell the shovels" meme from the gold-rush era.
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The companies from the dotcom era that "sold the shovels" were Cisco (networking gear) and Corning (fiber):

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Returns since 2000:
  • Corning: -36.8%
  • Cisco: -3.67%
  • S&P 500 index fund: 307.1%
I don't think this includes dividends which would make it even more of a curb stomp.
 
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Hollywood Hulk Hogan said:
Speaking of TSLA, I think TSLA investors are the biggest copers I have ever seen.
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oh god I happened to ride some of that rocket but if you want fun you hang out at https://old.reddit.com/r/teslainvestorsclub/ for some serious cope from now to then
Peaches the Wonder Cat said:
The companies from the dotcom era that "sold the shovels" were Cisco (networking gear) and Corning (fiber):
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You're forgetting all the ones that died or got absorbed lol
 
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reptile baht spaniard rid said:
glad i'm not involved, but if the question is "lawyers get 5.6 billion or a crazy retard gets $56 billion" damn that might be hard :story:
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I am looking forward to seeing what happens August 8th when he promised robotaxis.

AmbassadorAutismo said:
Is nobody going to talk about GME bagholders getting slaughtered today?

GameStop tumbles 40% as ‘Roaring Kitty’ trader says little new about retailer on livestream
https://archive.is/1GRXZ

The stream (can't archive atm):
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Lol I can't believe people bought GME, all because of some autistic redditer
 
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AmbassadorAutismo said:
Is nobody going to talk about GME bagholders getting slaughtered today?

GameStop tumbles 40% as ‘Roaring Kitty’ trader says little new about retailer on livestream
https://archive.is/1GRXZ

The stream (can't archive atm):
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The Dogfood Kike dunked on retail yet again, skillfully circumcising the runup for a third goddamned time through dilution. Thankfully I have a chronic distrust of kikes so I sold all options near close Thursday and most of my shares Monday at the opening bell ( rather proud of myself for that one, got $40 a share, daily peak was $40,50 )

Currently still in with a few hundred shares.
 
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Pattern Juggler said:
That would be huge, given how many are in Canada and Australia. A ton of them would do anything to renounce their Chinese citizenship,
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It's been in place for the new 3rd generation ID card (slated rollout 2025 or later, I think 2030 not sure) but there's been some backporting done to the 2nd generation ID card. The new date for everything and the end of the world seems to be moved up to 2027/2028 (Self imposed Taiwan reunification deadline by Xi). They've also been aggressively cleaning the ID card roster of duplicates since last year. I think they also finally moved all mission critical systems for the PSB (think Gendarme) off of Windows XP. New requirement is all government services stop using x86 and go to that RISC-V by 2026, also no more wangblows, best China linux OS only for government related facilities (Military has been off of Windows forever and has their own duplicate internet physically severed from the civvies).
Finally also copied the income tax system like the US, except your tax brackets are much higher relative to income.

I have no comment on whether or not these deadlines are feasible.
 
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Hollywood Hulk Hogan said:
I am looking forward to seeing what happens August 8th when he promised robotaxis.


Lol I can't believe people bought GME, all because of some autistic redditer
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I bought twenty shares at $91 and I'm diamond handing this bitch 💎✋:male:✋💎

It's gonna go to the moon and I'll be driving around town in my custom GME themed Lamborghini.
 
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>1 (one) predicted rate cut in 2024
>even after a “strong” jobs report and “cooling inflation”

COME ON MAN, WHAT THE FUCK?

Glad I pulled out of the market.
 
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No Batty Boys in Jamaica said:
>1 (one) predicted rate cut in 2024
>even after a “strong” jobs report and “cooling inflation”

COME ON MAN, WHAT THE FUCK?

Glad I pulled out of the market.
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Everyone who keeps predicting a rate cut has a shit ton of unrealized gains on long term bonds and wants out on their position immediately. Its so transparent at this point
 
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DSP's Tax Lawyer said:
Holy shit why are these people investing in a company that has a major going concern and is reliant on a singular vendor?
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You’ve never experienced this? It happens time and time again in various ways. I remember when global crossing was the big one! There’s always some retarded forum where the sheep cluster and listen to pronouncements about how X is gonna be the big thing. I remember another one involving some Israeli semiconductor company; people investing in it who didn’t know what a CPU was. That Nikolai truck thing. Easy scam money and if you’re not a dumbass it’s perfectly legal - even possibly profitable for everyone!

It’s like the GameStop apes but like … a tiny bit more retarded because they don’t realize they’re retarded?

Sometimes I think you should have to be an accredited investor to have more than 5% of your NW in a single stock.
 
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