Why is it Tony giving Steve a look of admiration?
Sex Scandal that involve billions dollars in transactions value? please
It’s not even about the affair. It’s about tech being stolen by China. Meaning NVidia isn’t going to stay the dominant player for long, so people took money off the table before the competition release their products to compete with NVidia.
We’ve already had one affair but what about the second affair? I bet they’ve never even heard of the elevensies affair.
You’re right, but Lemmy thinks this is a sex scandal. It’s about illegal smuggling of $2B in chips through Alice’s company, but bots are pushing the distraction of a marital affair.
There is a criminal investigation and already one class action suit filed.
Well then it’s still a kneejerk reaction because China isn’t going to have a competitive product overnight so Nvidia still has a moat for a year or whatever the lead time is for gpu development.
Not to mention, you can have the design, you still need the fabrication to manufacture the things so unless China successfully invades Taiwan, it doesn’t mean shit
I’d be much more concerned if news broke that ASML was compromised by Asian baddies
I think a bunch of people had a hair trigger sell button on Nvidia expecting a bubble pop, and panic sold the second they saw a headline. Not quite a bubble pop yet.
What is a “hair trigger sell”?
A hair trigger is something that takes little pressure to trigger. So a hair trigger sale is basically being ready to sell the second a controversy hits, since if you know you’ve got money in the bubble, you don’t want to be one of the mooks holding the bag at the end.
Wow your not kidding. Almost 25% wipe in 1 month.
To be fair, most of that was before this revelation. It is at least clear that the so-called “neocloud” part of the bubble was in trouble, which dragged Nvidia since a lot of their money is tied up in those neoclouda. Then after elections included a lot of anti datacenter measures, that doesn’t bode well either. This scandal is just another thing for the pile of bad news.
The timing is a bit convenient. All tech stocks were already dropping. Almost too much of a coincidence that this story broke now.
Allowed me to buy at 167. :)
This blows over even faster than Elon Musks nazi salute.
I’m not sure that the drop is done but I think my buy order at 150 was too optimistic.
I just woke up and saw that the board is going to remove the ceo and the stock has dropped 8% in aftermarket to 160.
I think 150 may be within reach… What a mess. I did not think that would happen.
I think the board is going to meet to discuss whether to remove. I don’t think he has been removed yet. I would still be surprised if they removed him because he is fairly integral to the company.
https://www.semafor.com/article/11/11/2026/nvidia-board-preparing-to-oust-ceo-huang-wsj
I’m starting to think they will. Damn. On the other hand, Apples hardware chief may not be a bad choice.
Its also funny that all this happens because of Huang being horny. A pretty woman is the most dangerous thing in the world for a powerful man.
It’s a story as old as time. Hubris and the penis make for a wild ride.
Ooo dear. I think it’s got further to go down, myself.
Yeah it will, appearently they will drop the ceo over this. Stock is at 160 in after market.
Is it finally happening?
Is this the year of the
Linux desktopAI bubble popping?
Good. Bring it down so I can buy more stocks, then wait for a return then sell sometime q2 next year before the crash actually happens. Fuck you nvidia!
We will never know when the crash is coming, and staying out of the market is not really an option if you want to make money either.
I think if there is a crash, it’s more interesting to think about how fast it will recover. If it’s a year, no big deal. If it’s 18 years, I will die poor.
How will we know? Don’t think we can.
“Fuck you nvidia!” doesn’t sound that genuine when you just said you’re going to invest in their company, thus boosting its value even further.
Retail investors won’t move the needle at all. Might as well ride the wave and make some money.
Yeah I know but if everyone sells off at the same-ish time we can trigger the downfall
