Thiel out of Nvidia, Burry short, SoftBank out. What now?
joshtalife on
I hate AI. I don’t like anything about it. Don’t worry about me. Just an old guy ranting about changes I probably don’t understand anyway.
brickmaster8 on
Just a reminder, the AI bubble is the only thing keeping us out of a recession. Nvidia alone is around 10% of the smp500
Soft_Hotel_5627 on
Michael Burry has predicted 22 of the last 2 downturns. He also announced he is shutting down his investment fund, probably partly because the market can stay impractical longer than you can stay liquid. Softbank sold their Nvidia stock and turned around and invested in OpenAI so it’s not like they are sailing off with their $5.8B.
The Thiel one is the only one nobody really knows about. But who knows with that psycho, he also fucking hates Musk so he could have sold just to hurt Musks plans to get that $1T payout package. Maybe he’s planning like Buffet and wants a boatload of cash for things probably do crash. Berkshire has $350B+ in cash reserves right now.
The current US economy is 100% propped up by the Mag 7. Almost all of the SP500 gains are from them. The economy is a fucking mess right now and so many people have their heads in the sand.
panlolie on
I thought he was Michael Scott with a Trump wig
4esthetics on
In this Event Horizon Hell orgy, it was bound to happen eventually. This situation almost perfectly mirrors the FTX, Terra Luna, Celsius crash. Everyone is borrowing and lending from eachother and all it takes is for one of them to fall. One company to not get that much needed loan, one company to be found cooking the books. The dominoes have been in place for awhile and we’re hitting the point where all the major players are looking for exits.
nixtarx on
I dunno what all the market jargon means, but y’all are scaring the piss outta me.
DenL4242 on
Someone explain it to me like a 5-year-old what happens to normal people when this bubble bursts
BeMyBrutus on
Somehow the taxpayer will end up paying for all of this; mark my words
mr_greedee on
didn’t he close down his firm? It feels like everyone was outlasting Bury and when he white flagged, everyone sold
Chimerain on
I yearn for the days when the crooked bankers and traders were the ones to take the fall for their greed and hubris (quite literally, it turned out)… At least then they did us the favor of getting out of the way so sane people could come back in and put regulations back into place to stave off another one for 100 years, until no one remembered why they were there in the first place. This ‘watching the economy collapse’ bullshit every 10 years is getting really tiresome.
Moonpaw on
Don’t worry everyone. Don’t panic. The government will declare NVidia too big to fail and pay them a crap ton of money, and no one who actually did anything wrong will receive anything worse than a slap on the wrist.
Mylomeer on
All made up nonsense being decided by a few billionaires who tip each other off about the scam they’re all pulling.
Quantum_Scholar87 on
Isn’t Peter Thiel in the Epstein files? Maybe he’s trying to liquidate assets in preparation for the coming doom
KawasakiBinja on
But but but but I was told AI was too big to fail and we’d all have Lambos and never have to work again!
Puzzleheaded_Tie8077 on
Is this more about trump opening the doors for China to get and then copy these chips?? China I’d gonna flood the market with cheap ai chips. Doesn’t mean AI is going away.
16 Comments
Thiel out of Nvidia, Burry short, SoftBank out. What now?
I hate AI. I don’t like anything about it. Don’t worry about me. Just an old guy ranting about changes I probably don’t understand anyway.
Just a reminder, the AI bubble is the only thing keeping us out of a recession. Nvidia alone is around 10% of the smp500
Michael Burry has predicted 22 of the last 2 downturns. He also announced he is shutting down his investment fund, probably partly because the market can stay impractical longer than you can stay liquid. Softbank sold their Nvidia stock and turned around and invested in OpenAI so it’s not like they are sailing off with their $5.8B.
The Thiel one is the only one nobody really knows about. But who knows with that psycho, he also fucking hates Musk so he could have sold just to hurt Musks plans to get that $1T payout package. Maybe he’s planning like Buffet and wants a boatload of cash for things probably do crash. Berkshire has $350B+ in cash reserves right now.
The current US economy is 100% propped up by the Mag 7. Almost all of the SP500 gains are from them. The economy is a fucking mess right now and so many people have their heads in the sand.
I thought he was Michael Scott with a Trump wig
In this Event Horizon Hell orgy, it was bound to happen eventually. This situation almost perfectly mirrors the FTX, Terra Luna, Celsius crash. Everyone is borrowing and lending from eachother and all it takes is for one of them to fall. One company to not get that much needed loan, one company to be found cooking the books. The dominoes have been in place for awhile and we’re hitting the point where all the major players are looking for exits.
I dunno what all the market jargon means, but y’all are scaring the piss outta me.
Someone explain it to me like a 5-year-old what happens to normal people when this bubble bursts
Somehow the taxpayer will end up paying for all of this; mark my words
didn’t he close down his firm? It feels like everyone was outlasting Bury and when he white flagged, everyone sold
I yearn for the days when the crooked bankers and traders were the ones to take the fall for their greed and hubris (quite literally, it turned out)… At least then they did us the favor of getting out of the way so sane people could come back in and put regulations back into place to stave off another one for 100 years, until no one remembered why they were there in the first place. This ‘watching the economy collapse’ bullshit every 10 years is getting really tiresome.
Don’t worry everyone. Don’t panic. The government will declare NVidia too big to fail and pay them a crap ton of money, and no one who actually did anything wrong will receive anything worse than a slap on the wrist.
All made up nonsense being decided by a few billionaires who tip each other off about the scam they’re all pulling.
Isn’t Peter Thiel in the Epstein files? Maybe he’s trying to liquidate assets in preparation for the coming doom
But but but but I was told AI was too big to fail and we’d all have Lambos and never have to work again!
Is this more about trump opening the doors for China to get and then copy these chips?? China I’d gonna flood the market with cheap ai chips. Doesn’t mean AI is going away.