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Nvidia falls 14% in premarket trading as China's DeepSeek triggers global tech sell-off (www.cnbc.com)
submitted 2 years ago by to c/technology@lemmy.world
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cross-posted from: https://lemm.ee/post/53805638

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[–] 2 points 2 years ago (1 child)

I have a dirty suspicion that the "where's the ROI?" talking point is actually a calculated and collaborated strategy by big wall street banks to panic retail investors to sell so they can gobble up shares at a discount - trump is going to be pumping (at minimum) hundreds of BILLIONS into these companies in the near future.

Call me a conspiracy guy, but I've seen this playbook many many times

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  • [–] 2 points 2 years ago (1 child)

    I mean, I'm working on that tech and the evaluation boggles my mind. This is nowhere near worth what is put into it. It rides on empty promises that may or may not materialize (I can't say with 100% certainty that a breakthrough happen), but current models are massively overvalued. I've seen that happen with ConvNets (Hinton saying we won't need radiologists in five years in....2016, self-driving cars promised every two years, yadda yadda) but nothing to that scale.

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  • [–] 1 point 2 years ago

    Right - the entire stock market doesn't make sense, doesn't seem to stop Tesla or any of the other massively overvalued stocks. Btw stocks have been massively overvalued for over a decade, but that's a different topic

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