If people really believed Nvidia was an indispensable part of the future yesterday, that hasn’t changed in the slightest regardless of how many honeypots Jensen was messing around with. We didn’t really need any MORE proof, but the fact the stock is falling is absolute evidence that nothing even close to reality or future potential drives stock valuations.
I think this is one of the few cases where the CEO’s position does matter. There has been a schism within the US govt and tech sector over whether or not to sell AI chips to China. Jensen Huang was the unofficial leader of the ‘yes’ faction, arguing that it would cut Huawei’s marketshare (and therefore R&D budget). Of course, Nvidia being allowed to sell chips to more customers is in his interest, so he isn’t entirely neutral here. Now the US govt and US customers of Nvidia’s chips will demand further restrictions on chip sales to China. In the short term, their sales will fall slightly. In the long-term, Huawei will overtake them.
The stock market is such a fucking sham.
If people really believed Nvidia was an indispensable part of the future yesterday, that hasn’t changed in the slightest regardless of how many honeypots Jensen was messing around with. We didn’t really need any MORE proof, but the fact the stock is falling is absolute evidence that nothing even close to reality or future potential drives stock valuations.
I think this is one of the few cases where the CEO’s position does matter. There has been a schism within the US govt and tech sector over whether or not to sell AI chips to China. Jensen Huang was the unofficial leader of the ‘yes’ faction, arguing that it would cut Huawei’s marketshare (and therefore R&D budget). Of course, Nvidia being allowed to sell chips to more customers is in his interest, so he isn’t entirely neutral here. Now the US govt and US customers of Nvidia’s chips will demand further restrictions on chip sales to China. In the short term, their sales will fall slightly. In the long-term, Huawei will overtake them.