The "fanatical pro-American Italian" is absolutely right. It is the majority of Americans who are "dissatisfied, pessimistic and disillusioned" who are wrong.
American Economics Thread
- Thread starter Bernard
- Start date
Tell that the average family in the US, Jamie.
The thing that this out of touch olygarch doesn't tell is that will also increase the prices of US exports goods across the globe because US companies need to import goods to manufacture their products.
Jamie Dimon says Trump’s tariff policy is positive for national security so people should ‘get over it’
The thing that this out of touch olygarch doesn't tell is that will also increase the prices of US exports goods across the globe because US companies need to import goods to manufacture their products.
More or less every tech stock that has a pinky toe in the A.I sector is seeing a massive stock tumble. It's global too, it's not just American, Korean/japanese/European companies are also seeing huge losses. Even wire/power cable companies are affected. We might see more than a trillion dollars get wiped out in a day. I hope that High-flyer shorted the market hard, that could probably fund their development for the next century.
"It went to 0 overnight. Decimated. This is what total devastation looks like."
Chinese netizens joked that High-Flyer don't need to charge money for DeepSeek because they can just short Nvidia stocks every time they release a new model.
Maybe the price of nVidia GPU's will come back down to reality? No more $1600 CAD for a xx80 variants?
American stock market at the close. NVDA got screwed hard, as well as the semiconductor equipment industry. Honestly expected more losses, especially from META. No idea why META is rising, considering how invested they are in open source A.I too. NVDA's 600 billion drop is the single largest wipeout in stock market history.
META is getting the TikTok ban boost.
When I studied accounting, the acid test of a tangible asset is whether you could touch it with your hand or not.