i hate peter thiel but i also hate nvidia and tesla so i hope this ends out somehow being bad for everyone
My bet is that he’s trying to start a panic in the markets. That way he can clean up on a short.
Oh, it will. Bad for everyone human.
The best case, I think, is for Nvidia and Tesla to do well in the short term (next 6 months or so) and then crash. That way Thiel and most people following his investment advice get to eat it, but the bubble doesn’t stay propped up for too long.
Hilarious that at the end of this specific article, for me, an ad popped up advertising AI investing 😂 Jesus we are so fucked
To shreds you say?
And how’s his wife?
I thought we decided to not post stonks crap in here. It‘s what completely ruined the technology community over at Reddit before the entire site was ruined.
The underlying story is the AI bubble that we all know will end badly. They are shoving lying and hallucinating AI on our devices and into our employment without consent. It’s going to come down, its a matter of when, not if.
Well if we gonna make a post every time some rich fucker sells tech stonks now it will quickly evolve into spam. I mean, we already know AI is overblown and we don‘t need to take a single glance at someone‘s portfolio to know that because this is a technology community and we‘re informed about what big tech keeps promising and underdelivering for 3 years straight.
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Peter Thiel sells his Tesla stake
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Telsa price goes up
Lolz. Lmao even.
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Hope he loses everything
Anyone hear a loud hissing sound?
Soo… gold and silver then? No clue how crypto is gonna hold up.
I do believe he is starting investments into new projects and needed liquid cash. I wouldn’t dig too deep into this.
Nvidia has near monopoly on semiconductors. Even if Nvidia stocks crash, they will recover. I just trimmed my own shares on Nvidia to cushion the blow.
Even if Nvidia stocks crash, they will recover.
NVIDIA is up 1500% in two years, with a p/e ratio of 56 in a market that’s absolutely ravenous for semiconductors. The idea that the demand for semiconductors can flatline as data center production stales and NVIDIA’s valuation will just rebound to its current high is… well, it’s highly speculative what NVIDIA is going to do, but I wouldn’t bank on the current status quo.
If nothing else, it’s a stock that can safely be described as “overvalued”. Selling now isn’t a bad idea.
Yeah, a “safe” PE ratio is around 20. The PE of the entire market is about 28, so investors are basically saying Nvidia is going to grow at double the rate vs the rest of the economy.
I think that’s bonkers, but what’s even more bonkers is Palantir with a ~1700 PE ratio. That’s ludicrous.
If Nvidia crashes, I expect it fall to about half it’s current valuation, maybe a bit higher, and that’s assuming their sales aren’t impacted. If the floor falls out from GPUs, then drop that to 1/3 or so.
