It’s a beautiful thing . The sound of a trillion dollars evaporating into thin air.
Then all the scrambling Sinophobia to discredit the technology………all the Americans searching for “what about tianaman square ?’ And pretending they give a fuck about Chinese student uprisings of 30 years ago. …
You’ve to see it .
And they’ve open sourced the model, so you get an AI and you get and Ai and you and you and you ….and those twisted sickos won’t be able get 10 cents on the dollar for the dogshint they are selling
Gemma, ollama and many other models are open source too. In fact, deepseeks models are based on Ollama.
Ollama isn’t a model, it’s a piece of software used for running various models
Probably this is all very reactionary, NVIDIA’s stock will recover and they’ll remain a big player in the LLM space.
But I’m uninterested in LLM’s and would love to see price drops on GPU’s, so i hope there is a longer term moderate market loss for them in this space.
but many people say that they only still make gpu’s out of inertia and image issues. it’s no longer their main business.
For now. (Probably for later, too.)
China good because capitalism bad.
I know this is a joke, but China has more capitalism than the US.
If you use a non-traditional definition of Capitalism, I suppose, and you are referring to quantity, not power or percentage of the economy. They are more accurately described as a Socialist Market Economy, relying on state owned heavy industry (steel, banking, energy, transportation) and heavily controlled and planned private owned light industry (many consumer goods, clothing, gaming, etc). That’s a major oversimplification, of course, but they run on Marxist-Leninist conceptions of economics.
they’re a deformed proletarian state.
I don’t think that’s accurate, though. If we look at the makeup of the NPC, it is largely Proletarian, and this infographic shows how the democratic structure of the CPC works. Most of all, though, the Trotskyist notion that public ownership and planning isn’t “true Socialism” if it isn’t done purely horizontally is pretty clearly a misunderstanding of Marxian economics and class dynamics.
china is transitioning to socialism, they have a somewhat free market still.
if they are doing capitalism better than the us, thats on the us honestly.
Technical clarification: China is already Socialist, at least in the Marxist conception. What they are working on is reaching further and further stages of Socialism and increased socialization of the economy through focusing on both developing the productive forces and alleviating poverty.
I’m so glad I sold last week at 140. I’ve been meaning to get rid of them as soon as Trump got in office because I had a gut feeling he might fuck something up.
But surprise! China pops up with its own AI and shit hits the fan. It probably won’t last though, but I ain’t buying nvda anymore. Not with their CEO falling in line with every other techno fascists.
Is it really that big of a fall?
Maybe to stock people since they panic at everything but it’s way up overall
Exactly. Once a stock hits a certain price swings one way or another do have big impact on market cap right now. But context and history are important in the grand scheme
Yeah NVIDIA recovered from way worse during the pandemic
~12% for a widely speculated upon stock, not really.
Only for day traders
Its not tanking but it took a big hit. Dropped about $20 per share out of an initial $140. Its dropped a total of $30 over 5 days.
