DeepSeek Buzz Puts Tech Stocks on Track for $1 Trillion Wipeout
DeepSeek Buzz Puts Tech Stocks on Track for $1 Trillion Wipeout
www.bloomberg.com
AI-Fueled Stock Rally Dealt $1 Trillion Blow by Chinese Upstart
Edit: Archive Link
39 comments
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we will ban you from using the latest chips
ok then I’ll work on optimizing my code so it runs on old tech
that’s not fair.
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this illegally imposed restraint on China's development will surely be the one they can't overcome
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Well if the US isn’t going the legal route now something tells me they’ll do whatever to keep power
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The reason closed source models are unoptimized is a way to mislead competitors and attempt to move the competition from one of technological prowess to one of courting investment.
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-1 trillion in tech -> a bunch of lemon companies go out of business -> commercial real estate get like 3% cheaper -> real estate market collapse -> Trump tries to loot some country in a war -> thwarted by coalition -> can't afford military anymore -> USD loses its global reserve status -> -1 trillion in global privilege -> collapse of everything else American -> Israel can only be sent hundreds of millions in arms instead of billions -> dissolution of the entity
Funny enough, bullish for bitcoin
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"This is good for Bitcoin, actually"
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Get fucked lol. Nobody wants to pay $20 for AI slop.
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$200/month in even sillier cases.
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But they lose $100/month on those subscriptions so you’re coming out ahead! /s
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I thank computer science and communism.
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Why are free market enthusiasts panicking? I thought competition was supposed to bring about the best results? Or was that just a load of bullshit to let domestic monopolies control everything?
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they are panicking because they backed the wrong horses
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Inb4 massive government stock bailout.
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What does this mean to me, a overexploited proletarian living in the global south?
(Like for real)
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not much probably unless your job is combing through datasets to remove CSAM.
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removing CSAM is one of the major hurdles for operating fediverse servers so this could be good for lemmy as a whole
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The new LLMs are smaller and more likely to run on hardware available in your country. After all they were developed despite the US chip embargo.
This also means the US might slow down on the new power stations and resulting climate change, but probably not.
Not sure the new tech will actually be useful though.
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Vibes based "economy"
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been saying it for decades: the stock market is a measurement of how rich people feel about the economy, nothing more nothing less
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owned
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Not that I like even thinking about stocks. But I wonder if betting against a rise in stock price for NVIDIA is actually worth it right now....
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I've seen some predicting 105 eod and at that point you'd be doing pretty well on puts. I just burned my ass on contracts friday though so I'm staying well away from this.
I swear puts make so much sense but who knows in this fucked up casino
Edit: Looks like most of the drop was just in pre-market. But who knows. Could drop some more. I'd say this made a lot of people rich. And even more poorer
Double edit: Unless you bought puts friday I'd say you'll lose your ass on puts today. Looks like a slow burn and I imagine premiums will cut away your profits. But who knows maybe it will dump later today.
All in all a total decimation of the U.S. stock market this is not. But it could be a sign of a bubble soon to pop
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I could see Puts on QQQ or other tech heavy ETFs being a good interday trade. IDK what a good Put would look like as a long term hold. Like you said Theta eats away at your value.
Options aren't built for long-term speculation. Maybe futures are the better way to trade this dip?
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short term? maybe. long term? probably not. These models still need to run on GPUs even if they're cheaper to run. This could induce demand for more GPUs.
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You can never beat the stock market. Individuals always lose compared to financial institutions. If you want a bigger return on your money then in your savings account, buy government bonds. At least you'll be certain you won't lose the little money you have.
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It's at 125 per share as of this post (I think it was like 142 before nyse was opened). https://finance.yahoo.com/quote/NVDA/
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Your comment prompted me to check. Under 118 as of this post lol
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should've called it "deepsink" as it sinks the US tech giants
pow
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This photo of panicking traders with tears in their eyes is the only true bit of art that AI has ever produced ```
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Call it Titan II because it's sinking more money faster than anything since that beautiful imploding submersible
(I just wanted everyone to enjoy the memory of when that stupid submersible imploded. Almost like a prelude to Year of Luigi. Now China is trying to 1929 the entire AI tech bubble)
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gets criticized once
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Common Glorious Chinese W.
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For other AI toys I'm really impressed by Hunyuan3d by Tencent as well, its quite the improvement over Micro$oft's TRELLIS, been making side money off fiverr with that trinket since I can rig and it can model even on a rx 580.
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a stark look inside the cynicism of the capitalist world's inability to see themselves competing on a global stage
39 comments