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by dutchbookmaker
501 days ago
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Because all this with the stock price has nothing to do with reality. Everyone just starts repeating the same things until people believe them as fact. The "sell off" was basically nothing. Who cares that the NVDA went back to the price it was in October then bounced in the after market one day. It is a complete non-story. Even at the bottom of the "sell off" it was still up 20% from the end of summer. Listening to any news makes people less informed about the world in 2025.
We are way past Gell-Mann amnesia. That was for the newspaper. "The news" in 2025 is really a strange kind of mass confusion engine. The more news a person consumes the more confused they are about the world. |
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The reality is that your average "civilian" stock investor, speaking in very generalized terms, is supremely ignorant.
I don't say this as a pejorative BTW. I am supremely ignorant of the inner workings of the pharmaceutical industry. Because of this, I do not invest in that sector. I have no way to understand any of it at a depth sufficient for me to make informed decisions. I'd be throwing darts at a board.
That is precisely the situation with lots of investors in the chips, electronics and software worlds. They don't know what they are doing. They have no clue whatsoever about the business cycles and realities of making these things, selling them, bringing them to market, competitive landscapes, implementation, etc.
And so, they are blind and reactive. If they stay in panic mode, we might very well see NVidia stock get down to $100. Frankly, I am actually rooting for that. I want all of these fools to get off the stock. And I want to load-up on it some more. They don't understand business (in general) enough to understand the relationship between DeepSeek and data centers, planned and future. They don't even stop to think about the reality that nobody in business who isn't a fool is going to use an AI service in China or developed by China. If they are hyperventilating about TikTok, I cannot even imagine what it would be like if all AI queries go to servers in China or are answered by models trained in China. I love China for all they have achieved, but it is no secret that they are not an open society at the level of most western societies.
I think we just have to wait until the sheep stop running before sanity will return to the field. They are getting hurt very badly. It's sad to watch.