India, with 1.4 billion population working their guts out cannot even compare its GDP to a chip maker. Germany and Japan, the kingpins of manufacturing in the world, even despite their problems, also have a GDP that cannot compare to a chipmaker. Soon, Nvidia will overtake China as the second biggest economy in the world and fighting against the USA for world No. 1, LOL.
The USA Government itself is investing in all the technology giants and slowly gaining control of them. Money printing is helping their shares to shoot to the moon, on top of all the money shuffling between those companies. It is just like the Japanese 'Keiretsu' system of intercompany investments, that is now the cause of all the woes in the Japanese economy.
Richard Wolff, the economist said that he was afraid of what was going to happen months ago and now is saying that he is terrified of what is expected to happen. Trump will call it a hoax anyway.
Let us just watch how that big, beautiful balloon is being blown and how it is going to burst.
Anonymous
3 comments:
All the high-tech giants of USA now riding high on the AI craze, are big balloons waiting to burst. This sector could be the last of the USA biggies to go the way of the dinosaurs.
Boeing is already going down with all the troubles over the years. USA lacks the core talents in its aviation sector since phasing out Chinese engineers and scientists and relying more on Indians.
John Deere, the 155-year-old manufacturer of agricultural machinery is crashing out as well over the collapse of USA's farming sector. So does the fortunes of Ford and other vehicle manufacturers. Even Tesla is facing the heat of the competition from Chinese car manufacturers, and the only saving grace is its USA home advantage that is giving it the protection it needs. But the fallout between Trump and Elon Musk and the end of EV subsidies by the USA Government is making life difficult for Musk as well.
All this valuation are just overpriced by the angmo themselves. No one actually talk about the huge Nvidia H20 chips that was produced but China did not want to buy it. Nvidia had actually lost the China market, so how come it value can still be so high..hahaha
The AI hype is blowing up the valuation of Nvidia. When it crashes, Nvidia will be just ashes to ashes and dust to dust.
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