It’s not even about the affair. It’s about tech being stolen by China. Meaning NVidia isn’t going to stay the dominant player for long, so people took money off the table before the competition release their products to compete with NVidia.
You’re right, but Lemmy thinks this is a sex scandal. It’s about illegal smuggling of $2B in chips through Alice’s company, but bots are pushing the distraction of a marital affair.
There is a criminal investigation and already one class action suit filed.
I think a bunch of people had a hair trigger sell button on Nvidia expecting a bubble pop, and panic sold the second they saw a headline. Not quite a bubble pop yet.
What is a “hair trigger sell”?
A hair trigger is something that takes little pressure to trigger. So a hair trigger sale is basically being ready to sell the second a controversy hits, since if you know you’ve got money in the bubble, you don’t want to be one of the mooks holding the bag at the end.
Is it finally happening?
Is this the year of the
Linux desktopAI bubble popping?
Wow your not kidding. Almost 25% wipe in 1 month.
To be fair, most of that was before this revelation. It is at least clear that the so-called “neocloud” part of the bubble was in trouble, which dragged Nvidia since a lot of their money is tied up in those neoclouda. Then after elections included a lot of anti datacenter measures, that doesn’t bode well either. This scandal is just another thing for the pile of bad news.
The timing is a bit convenient. All tech stocks were already dropping. Almost too much of a coincidence that this story broke now.
Good. Bring it down so I can buy more stocks, then wait for a return then sell sometime q2 next year before the crash actually happens. Fuck you nvidia!
“Fuck you nvidia!” doesn’t sound that genuine when you just said you’re going to invest in their company, thus boosting its value even further.
Retail investors won’t move the needle at all. Might as well ride the wave and make some money.
