DeepSeek is Chinese crap. Not only are they lying about the costs (hiding 50k NVDA chips), now it comes out that the app is recording keystrokes and storing in China.
China is asshoe.
China is asshoe.
How much NVDA did we all buy today?
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Some of the news outlets downloaded the app and asked questions about China and question that required a negative response would not respond with an answer.
It's a total scam. Nvidia lost $600 billion in market capitalization because of this outright lie by China.
People actually believed that for less than it cost to put LEDs at Davis Wade Stadium, China built an AI platform that is better than everything the US is developing and investing half a trillion in. This was an act of economic warfare by China and should be punished.
China created an app that is used to spy and collect data on users? Nonsense!!!***
Never trust those muther-17ers on any subject. Putin is more trustworthy than China, maybe even Kiffin
A Chinese lie designed to hurt the US and Taiwan simultaneously? …..no way…..
I can confirm - I asked it "how many people died in the Tiananmen Square incident in 1989?" - it said "beyond my current scope...let's talk about something else"...
Ask it where the virus startedI can confirm - I asked it "how many people died in the Tiananmen Square incident in 1989?" - it said "beyond my current scope...let's talk about something else"...
I took an a$$-whoopin' today on my Nvidia and a couple other AI positions. I had some Nvidia at $98 and some at $104. Lost $24 per share overall. Haven't jumped off the ledge yet as I'm still above water, but another like today and I might. I too think China is exaggerating about their new found AI prowess. They will try anything IMO to disrupt the U.S. They released the China virus and today pretty much dropped an AI bomb. Hopefully the markets will rebound some. And regarding some recent Elon Musk AI stuff, here's an interesting article on his new "Colossus" project....Highly recommend watching the video.....very impressive and informative.
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All this took is a little bit of brain power. Did people actually think that China built a comparable AI system that would run on a few intel laptop chips.. was open source… free… and was comparable to AI built and ran on giant powerful servers in the US??
What they write it in? C++?
This is the same company that will sell you that absolute crap on Temu and call it comparable.
Maybe I bought some NVDA indirectly thru a mutual fund?... But I largely stay away from buying specific individual stocks. Just don't track em closely enough for that approach to make sense.
OK, so are we then on board with TikTok being banned?...or is that an exception?
Why would it be an exception? Given that you asked, I’m sure you’ve got a holier-than-thou reason.
Yeah the amount of total $$ sold today is an insane reaction to something that doesn't seem fully proven. I've only read the headlines, so maybe there is more to it, but quite a few companies got hammered.
Maybe wall st realized AI was an over hyped idea, whose valuation is more speculative than they realized?
That's all the big words I know for today.
Maybe wall st realized AI was an over hyped idea, whose valuation is more speculative than they realized?
That's all the big words I know for today.
I asked if it's an exception because the sell/ban had been fully supported by both legislative parties, Trump, and Biden.
But then a bunch of key people seem to have done a 180 over the last 10 months. Biden said he wouldn't enforce the ban and Trump decided to extend the deadline to sell.
So I wasn't sure if you all still view Tiktok as a national security threat, or if it's an exception to the 'China lies and spies' comments.
The tipping point was Satya Nadella coming out and gushing about its potential. When he speaks markets listen. The other factor is that the NASDAQ is extremely overvalued and is looking for a reason to correct. Doesn't need to be a good one.
20k in stock..... show me that order
If you’re asking me? Ban the hell out of it… I’ll still get up and go to work tomorrow.
I was traveling all day and missed everything. Did put in an after market order for some but I don’t have any exposure to nvidia outside of index funds right now. I did have some other ai exposure that got whacked today, but I’m too chicken to do anything big in individual stocks. Largest individual holdings are $20k, and those are mostly in relatively safe/defensive stocks except for a couple, one of which is the AI stock that got whacked. I was just too far after the hype to go big on them. Have pretty big tech exposure already through index funds, so not completely missing out.
It is sort of interesting that these two events happened under the common denominator of Trump. The Chinese do have a genuine fear of the man that’s for sure.
AI is a bubble that will burst. It's not always a good thing to be the first to something, particularly in the tech sector. All these companies are trying to sell us on the great things that AI can do, but how will it actually be implemented in businesses?
NVDA has a p/s ratio of 30. (Correction - it was 30 prior to yesterday)
PLTR has a p/s ratio of 72!
NVDA has a p/s ratio of 30. (Correction - it was 30 prior to yesterday)
PLTR has a p/s ratio of 72!
If you're asking about China yes they have plenty of energy because they don't have a moral problem with building 100 new coal plants a year.
Energy is where the US is going to be screwed without a change. You're not powering AI with windmills and solar.
Nuclear is the answer but there's years of red tape. Fossil fuels are going to have to bridge the gap to nuclear and im not sure the country would allow that without a lot of wailing and screeching.
We'll see, I still expect the US to win the AI race but it's going to be a battle.
DeepSeek, along with ChatGPT and most of the other popular AI products are generative artificial intelligence chatbots. The US companies are on a different scale than this elementary system DeepSeek is based on. Yes, Liang Wenfeng is a very bright guy, and he did develop a more efficient AI algorithm that uses legacy processors, but the base models he uses are still very old. What the US companies are working towards with the super expensive NVIDIA H100 and GH200 chips is AGI (Artificial General Intelligence). That is artificial thinking on a human scale, not just scraping and analyzing existing content the internet, like the current chatbots do, as well as what DeepSeek does. AGI matches or surpasses human cognitive capabilities across a wide range of cognitive tasks. AGI actually "thinks". You won't see the US companies back off investment in AGI. This is Tron-level stuff they're working on. Hard for someone not involved in the business to comprehend. Mississippi is poised to be on the forefront of AGI data centers, believe it or not. The $10 B one in Lauderdale county will be an AGI data center. There are at least 5 more in discussion in Mississippi. They'll be somewhere in the Mississippi Power / Southern Company footprint.
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The s&p 500 pe ratio is in the high 20’s though. Nvidia isn’t really overpriced compared to the market overall. I think it’d be hard to have good returns with a P/E ratio that high, but I think with so much money with nowhere else to go we’re just going to have higher P/E ratios for a while.
Well, if any of you were hoping the AI bubble would burst, I just put in another purchase of NVDA after it dropped another few bucks from my after hours trade. So based on my past trading history, that's probably enough to ensure the rout will pick up steam again today. So you're welcome.
My rule of thumb for any new technology has always been I want to be in the 2nd quartile to adopt it. Let the early adopters spend all the money and make all the mistakes and then get the kinks ironed out, then I'll get on board with a better and cheaper product.
I'm thrilled that MS is getting in on an emerging industry. Elon has one going up in Memphis as well. What worries me is the energy consumption part hasn't been adequately communicated and how it will impact regular consumers. Allegedly there's capacity but MLGW asked consumers to scale back during the cold spell last week when I assume the source generation was running at peak. What happens when these facilities go live? Don't get me wrong - there is a world where it all works out just fine and we will get there but it feels like we intend to just wing it given how large the investments are. Am I overreacting or is this a legit concern?
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