I really want to live in a world where one man cheating on his wife with a Chinese spy is what causes a global economic recession and price correction.
I really want to live in a world where one man cheating on his wife with a Chinese spy is what causes a global economic recession and price correction.
Yeah, we invented democracy so we wouldn't have to live at the mercy of the whims and personal dramas of a few ultra wealthy and powerful people, but a few decades of deregulation and here we are...
Yeah, we invented democracy so we wouldn't have to live at the mercy of the whims and personal dramas of a few ultra wealthy and powerful people, but a few decades of deregulation and here we are again.
I said the exact same thing in a group chat. "I can't believe the global economy is gonna crash because some GPU CEO cheated on his wife with a Chinese spy.This sounds like a Metal Gear Solid plot"
I said the exact same thing in a group chat.
"I can't believe the global economy is gonna crash because some GPU CEO cheated on his wife with a Chinese spy.This sounds like a Metal Gear Solid plot"
NVIDIA's stock price is down a fair bit but I don't see why that would cause a crash? Would the next CEO change NVIDIA's strategy in a way that people will notice?
NVIDIA's stock price is down a fair bit but I don't see why that would cause a crash? Would the next CEO change NVIDIA's strategy in a way that people will notice?
NVIDIA underpins the whole tech sector right now, which itself underpins the whole market. If you’re not aware NVIDIA is basically pulling an Enron where they invest in companies so that these...
NVIDIA underpins the whole tech sector right now, which itself underpins the whole market.
If you’re not aware NVIDIA is basically pulling an Enron where they invest in companies so that these companies use the investment money to buy NVIDIA hardware back.
If NVIDIA unravels, the whole thing comes down. All the money piled up on the stake in the AI buildout will suddenly start combusting. Flash memory prices collapse. The AI sector will have to adjust the token price (which is likely very underpriced because subsidized by investors), which make AI a lot less attractive and might push companies pretending it can replace highly skilled employees to drop the act and have to hire back while having less money to do so… interesting times.
Granting for the sake if argument that your first two paragraphs are true, why would Jensen being fired cause Nvidia to collapse? They aren't so highly valued because of the charisma and guile of...
Granting for the sake if argument that your first two paragraphs are true, why would Jensen being fired cause Nvidia to collapse? They aren't so highly valued because of the charisma and guile of its CEO, but because of the products they are already producing right now. And I don't see any reason why that should suddenly change.
That capability is not dependent on the CEO. If Jensen is outed tomorrow, Nvidias fabs will still exist and continue to produce GPUs.
True, I forgot about that. But I feel that kinda strengthens my point, doesn't it? The production of GPUs (is "GPU" even the correct term anymore when talking about AI processors? Is there a...
True, I forgot about that.
But I feel that kinda strengthens my point, doesn't it? The production of GPUs (is "GPU" even the correct term anymore when talking about AI processors? Is there a better name for those?) will be even less affected by a change of CEO. Jensen isn't personally designing new cards and processors. I'd start to worry if all of Nvidias senior engineers and/or designers were fired or were resigning in protest because of some previously unknown grievances.
I think the issue is that the org structure of Nvidia is weird and another CEO would have a very difficult time stepping into it. Not to mention Jensen is still the largest shareholder. The board...
I think the issue is that the org structure of Nvidia is weird and another CEO would have a very difficult time stepping into it. Not to mention Jensen is still the largest shareholder. The board is filled with his buddies.
Wow. This might be a spectacular fall from grace, and given NVIDIA’s central role in the LLM explosion, might have serious ramifications. (Some background: Jensen had affairs with a suspected...
Wow. This might be a spectacular fall from grace, and given NVIDIA’s central role in the LLM explosion, might have serious ramifications.
(Some background: Jensen had affairs with a suspected Chinese spy, and an NVIDIA executive.)
Jensen is popular, but I think mainly as a meme character due to his leather jacket and as a mascot for LLMs. I'm sure the negative sentiment will drop the stock. But this hasn't materially...
Jensen is popular, but I think mainly as a meme character due to his leather jacket and as a mascot for LLMs. I'm sure the negative sentiment will drop the stock. But this hasn't materially changed a lot for the business, his overall direction will be maintained at the company and nvidia is probably going to get a more boring and stable CEO. I imagine most of this is going to blow over a month after he's out.
Also the fervor people seem to have for this to act as some kind of catalyst to pop the AI bubble is sort of concerning. I realize it might be cathartic but an actual recession level correction is going to make everything worse for everyone.
I just think it would be entertaining. I wouldn't push a "start a global recession" button. But for an event I see as likely in the near future it might as well happen for a funny reason.
I just think it would be entertaining. I wouldn't push a "start a global recession" button. But for an event I see as likely in the near future it might as well happen for a funny reason.
The succession plan isn’t obvious? As far as I I’ve been gathering online, there isn’t a clear #2; he wasn’t preparing someone to take over. There are companies whose reputation is driven...
But this hasn't materially changed a lot for the business, his overall direction will be maintained at the company and nvidia is probably going to get a more boring and stable CEO.
The succession plan isn’t obvious? As far as I I’ve been gathering online, there isn’t a clear #2; he wasn’t preparing someone to take over.
There are companies whose reputation is driven primarily by the CEO (Musk’s companies being the notorious example). My impression is that Nvidia is kind of like that with Jensen, which is why people are saying the things they are. I’m sure you’re right that the effects will be exaggerated.
My reaction to this news: Laughter. Schadenfreude. 'BLEEP YOU JENSEN!' So, if that happens, that feels nice to me. But that's all, it just feels nice. It's not really justice, I'm sure he has a...
My reaction to this news:
Laughter.
Schadenfreude.
'BLEEP YOU JENSEN!'
So, if that happens, that feels nice to me. But that's all, it just feels nice. It's not really justice, I'm sure he has a stupid level of personal wealth to fall back on.
What I would really like to see is him convicted after a criminal investigation and trial, stripped of all assets, and put in prison to rot. He has played a major part, central even, in orchestrating what I believe to be one of the most damaging financial bubbles we will ever experience. And he cozied up to a wannabe dictator, supporting the destruction of American Democracy in the process, all for more wealth which he already had enough of. Not that people who get to that level of wealth ever look at it and think anything other than 'More'.
I thought the Chinese spy thing was cool so he deserved some kind of forgiveness, but this new affair is pretty lame, so I'm hoping he gets sacked. After getting an extremely generous severance...
I thought the Chinese spy thing was cool so he deserved some kind of forgiveness, but this new affair is pretty lame, so I'm hoping he gets sacked. After getting an extremely generous severance package bigger than my entire life earnings of course.
It'll probably be back up next week (if not this week). Nothing matters anymore; the stock market just goes up because people have realized it's always a good time to buy because prices are always...
It'll probably be back up next week (if not this week). Nothing matters anymore; the stock market just goes up because people have realized it's always a good time to buy because prices are always going to go up.
This market is way too hot and rickety for me to buy into. I'd come in way too late. I'd just wait for it to all crash then throw it into whatever you feel can pick up the pieces. Heck it might...
This market is way too hot and rickety for me to buy into. I'd come in way too late. I'd just wait for it to all crash then throw it into whatever you feel can pick up the pieces.
Heck it might even be bad enough that bonds dip and you get a near guaranteed small ROI there.
The adage and commonly accepted principle is that “time in the market beats timing the market”. How many people gave up buying bitcoin when it broke 100, 1000, 10000$ because they “missed the...
The adage and commonly accepted principle is that “time in the market beats timing the market”. How many people gave up buying bitcoin when it broke 100, 1000, 10000$ because they “missed the train of when it was 10$ and it’s too late now”. And yet it’s hovering around 50–70k for a while now.
I really want to live in a world where one man cheating on his wife with a Chinese spy is what causes a global economic recession and price correction.
Yeah, we invented democracy so we wouldn't have to live at the mercy of the whims and personal dramas of a few ultra wealthy and powerful people, but a few decades of deregulation and here we are again.
I said the exact same thing in a group chat.
"I can't believe the global economy is gonna crash because some GPU CEO cheated on his wife with a Chinese spy.This sounds like a Metal Gear Solid plot"
NVIDIA's stock price is down a fair bit but I don't see why that would cause a crash? Would the next CEO change NVIDIA's strategy in a way that people will notice?
NVIDIA underpins the whole tech sector right now, which itself underpins the whole market.
If you’re not aware NVIDIA is basically pulling an Enron where they invest in companies so that these companies use the investment money to buy NVIDIA hardware back.
If NVIDIA unravels, the whole thing comes down. All the money piled up on the stake in the AI buildout will suddenly start combusting. Flash memory prices collapse. The AI sector will have to adjust the token price (which is likely very underpriced because subsidized by investors), which make AI a lot less attractive and might push companies pretending it can replace highly skilled employees to drop the act and have to hire back while having less money to do so… interesting times.
Granting for the sake if argument that your first two paragraphs are true, why would Jensen being fired cause Nvidia to collapse? They aren't so highly valued because of the charisma and guile of its CEO, but because of the products they are already producing right now. And I don't see any reason why that should suddenly change.
That capability is not dependent on the CEO. If Jensen is outed tomorrow, Nvidias fabs will still exist and continue to produce GPUs.
Nvidia has no fabs.
True, I forgot about that.
But I feel that kinda strengthens my point, doesn't it? The production of GPUs (is "GPU" even the correct term anymore when talking about AI processors? Is there a better name for those?) will be even less affected by a change of CEO. Jensen isn't personally designing new cards and processors. I'd start to worry if all of Nvidias senior engineers and/or designers were fired or were resigning in protest because of some previously unknown grievances.
I’d say because people will see this as “Trouble” and worry and feel like it’s bad and sell, based on vibes.
... and that's when I swoop in and buy! I wasn't crazy to pull out of the market I swear!
I think the issue is that the org structure of Nvidia is weird and another CEO would have a very difficult time stepping into it. Not to mention Jensen is still the largest shareholder. The board is filled with his buddies.
Wow. This might be a spectacular fall from grace, and given NVIDIA’s central role in the LLM explosion, might have serious ramifications.
(Some background: Jensen had affairs with a suspected Chinese spy, and an NVIDIA executive.)
Jensen is popular, but I think mainly as a meme character due to his leather jacket and as a mascot for LLMs. I'm sure the negative sentiment will drop the stock. But this hasn't materially changed a lot for the business, his overall direction will be maintained at the company and nvidia is probably going to get a more boring and stable CEO. I imagine most of this is going to blow over a month after he's out.
Also the fervor people seem to have for this to act as some kind of catalyst to pop the AI bubble is sort of concerning. I realize it might be cathartic but an actual recession level correction is going to make everything worse for everyone.
I just think it would be entertaining. I wouldn't push a "start a global recession" button. But for an event I see as likely in the near future it might as well happen for a funny reason.
I didn't mean to imply you would, I was mostly referencing some reddit threads on the topic. I get the absurdity of it can be funny.
The succession plan isn’t obvious? As far as I I’ve been gathering online, there isn’t a clear #2; he wasn’t preparing someone to take over.
There are companies whose reputation is driven primarily by the CEO (Musk’s companies being the notorious example). My impression is that Nvidia is kind of like that with Jensen, which is why people are saying the things they are. I’m sure you’re right that the effects will be exaggerated.
How would that work? Isn't the whole company based around him?
My reaction to this news:
Laughter.
Schadenfreude.
'BLEEP YOU JENSEN!'
So, if that happens, that feels nice to me. But that's all, it just feels nice. It's not really justice, I'm sure he has a stupid level of personal wealth to fall back on.
What I would really like to see is him convicted after a criminal investigation and trial, stripped of all assets, and put in prison to rot. He has played a major part, central even, in orchestrating what I believe to be one of the most damaging financial bubbles we will ever experience. And he cozied up to a wannabe dictator, supporting the destruction of American Democracy in the process, all for more wealth which he already had enough of. Not that people who get to that level of wealth ever look at it and think anything other than 'More'.
I thought the Chinese spy thing was cool so he deserved some kind of forgiveness, but this new affair is pretty lame, so I'm hoping he gets sacked. After getting an extremely generous severance package bigger than my entire life earnings of course.
Mark my words, he'll be back within the next year or two once everyone has forgotten about this.
So should I sell NVIDIA stock now or next year when It goes back up??
It'll probably be back up next week (if not this week). Nothing matters anymore; the stock market just goes up because people have realized it's always a good time to buy because prices are always going to go up.
This market is way too hot and rickety for me to buy into. I'd come in way too late. I'd just wait for it to all crash then throw it into whatever you feel can pick up the pieces.
Heck it might even be bad enough that bonds dip and you get a near guaranteed small ROI there.
The adage and commonly accepted principle is that “time in the market beats timing the market”. How many people gave up buying bitcoin when it broke 100, 1000, 10000$ because they “missed the train of when it was 10$ and it’s too late now”. And yet it’s hovering around 50–70k for a while now.