This is the beginning of the end
Robinhood extended Sunday trading has Nvidia down -5%.
The effect might be big, but let's not forget it's just the side project of a small startup, a project that if not for the impact nobody would think unusual if it was not infact their latest. Also there's ByteDance Doubao.Down 190 billion is equal to 14 Ford-class aircraft carriers sunk if we just go by nominal value.
That's why I said this thing is technological/economic equivalent of a nuclear first strike. Can you imagine a world where 13 CVNs are sunk in a day and ICBMs don't fly?
Weibo guys are already dubbing it the "Spring Festival Offensive".
Gonna be extremely painful