Tech Industry
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The man I love hates me because I’m Vietnamese
Tech Industry
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BREAKING: Internal sources confirm another round of layoffs just hit emails at Tesla. For real.
Tech Industry
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Question about women in their 30’s?
Software Engineering Career
Yesterday
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L4 Google -> 45 interviews, 5 offers, AMA
Tech Industry
Yesterday
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What is driving the decline in Tech Jobs?
I was having a debate with folks on the state of #GenAI and the hype surrounding it. Resulting in #NVIDIA surpassing #GOOG and #AMZN to become #3 most valuable company a few days ago. My thinking is that we should see a fall in the hype in 2024 itself, and this will make such startups and companies stock to tumble in medium to long term. However it seems #NVIDIA is already down 8% today, is this the fall of AI as we know it or is it just specific to a sector? Well tommorow the Q4 results will be posted and it will define the path of Gen AI in particular. Just was discussing about https://www.youtube.com/watch?v=mNARGCYknIg&pp=ygUUcmVhbHRhbGtzMSBBSSBpbXBhY3Q%3D over the weekend. We had a divided crowd. One saying that Gen AI is helping them very much and it will results in increased profits. Other sayign its a fad. As you would have been hearing about NVIDIA now at 1.8T $ is ahead of AMZN and GooG. This is due to the Gen AI rush and demand for GPUs. I'd like to caution folks that it seems like the .com bubble of 2000/1 when YHOO and CISCO were darlings each over 100B$ in valuation at that time. They came crashing in 2001, never to recover to their previous numbers. We are seeing extreme excuberence in the space. The dust will settle in 2024, when the hightened expectations come crashing down. I was expecting in medium to long term the stock will tumble, but didn't realize it to happen in matter of days. I still expect the stock to recover tommorow, but if it doesn't then we'll see more blood bath in AI startups and all HW AI companies across the board. Will be intersting to see if it also impacts the Big Tech as well or they will remain immune to the AI downturn? https://finance.yahoo.com/news/nvidias-stock-rally-sputters-ahead-165254655.html
nope lol Gen Ai is just starting
Looks like my nvda puts have more profit remaining
I’m sure your puts will do great market open tomorrow. 🦙🔚🍌🐅
The entire market is down. Jesus fuck why is everybody acting like this is the start of some AI downfall? There is no indication whatsoever that today is indicative of any material changes in the AI space
After going up by a zillion %, a 7% correction is natural
Put your money where your mouth is and short it.
Did you read the whole thing? Or you just comment wo reading?
Yeah by brain shuts off with how much you’re reshaping reality to fit your thesis. Nothing crazy happened on NVDA today did you just start trading the stock market?
Zoom out lol
Just starting out my friend. ground floor.
Earnings coming up and ppl taking some profits
Earnings tomorrow are a serious wildcard. If they tank they'll take the rest of us with them
It is still 90,000% up since max time. greater than bitcoin, google or anything really. AI won't stop
No, lots of fanboys went super long on NVDA and wall street was happy to take their money. Stock price has nothing to do with the busoness short term.
Real test is tommorow. If we see steep decline, or recovery crossing 800$. All bets are off!
Whole market is down