Investing

[romad1]

I feel like AI shenanigans deserve their own thread.  There is just so much of this stuff out there about its failings and people overweighting it as the next step in our evolution.  

[gehringer_2]

21 hours ago, Screwball said:

I thought this was funny.  Might also be partially true.

https://x.com/CramerTracker/status/1990823529839788217

Won't link for some reason. The Tweet is from Inverse Jim Cramer and it a parody account. It says;

Not to be overdramatic but if Nvidia misses earnings tomorrow we’re going extinct btw

One not to bright sign about NVidia - their SW people have been screwing up recently. Now I'll state upfront it's a totally insignificant part of the overall business, but I hate to see lack of attention to detail anywhere in an org. The last release of their Linux drivers had to be pulled back for some pretty basic QC misses. Gamers also complain they have fallen behind AMD in the SW implementations of some of the better features of their cards.

Edited yesterday at 02:30 PM by gehringer_2

[romad1]

1 hour ago, romad1 said:

I feel like AI shenanigans deserve their own thread.  There is just so much of this stuff out there about its failings and people overweighting it as the next step in our evolution.  

E.G, 

Quote

One thing I’ve been tracking this year is the areas where Wall Street and Silicon Valley are going to war. Tech firms clearly want to become banking apps and receive special charters, private equity and crypto are jostling for position in worker 401(k) plans, and the tech right in general wants to supplant big banks as the go-to director of conservative business policy.

That’s all still going on. But in one area, Silicon Valley and Wall Street are in sync: conjuring up sketchy credit deals that are pointing us toward another financial crash.

 

Edited yesterday at 02:53 PM by romad1

[Screwball]

 

[Screwball]

1 hour ago, romad1 said:

I feel like AI shenanigans deserve their own thread.  There is just so much of this stuff out there about its failings and people overweighting it as the next step in our evolution.  

Maybe if you didn't have half the people on this board on ignore you would know AI has been talked about in this thread going back at least 10 pages. Try to keep up Gomer.

[romad1]

13 minutes ago, Screwball said:

Maybe if you didn't have half the people on this board on ignore you would know AI has been talked about in this thread going back at least 10 pages. Try to keep up Gomer.

Maybe.  Good to know.  I consider the Investing thread more about your ilk's predations on my retirement savings instead of your ilk's predations on my rights and the future of civilization. 

[Screwball]

Today was NVDA day. NVDA is the market, and this current blimp size bubble big money has blown. NVDA is the the head of steamship of the MAGS as they are known. As NVDA goes, the market goes. Their market cap is equivalent to around 17% of our GDP. They reported earning after the market closed today. As it turns out it wasn't really too eventful. A little chart porn.

First is a 9 month showing NVDA price action.

What I thought would be fun is to see how it reacted after hours when they reported and the conference call. It didn't do too much all day, but after hours it got a little goofy. The big jump was when earning numbers hit. Then it drifted a little higher. The crazy part is the 4 huge moves after hours shown by the long lower candle tails. What's going on one wonders?

 

 

 

 

[Deleterious]

Visualization of what Screwball just said about Nvidia being the leader.

 

[Screwball]

More chart porn. This is today's chart of the MAGS, the ETF that is made up of the following companies; Alphabet (GOOGL), Apple (AAPL), Amazon (AMZN), NVIDIA (NVDA), Microsoft (MSFT), and Tesla (TSLA).

3 month chart. Yellow arrow shows the gap it created today at open. This gap will at some point, close.

 

[ewsieg]

My company was hit with layoffs today.  My team escaped any hit, but the news is reporting about 17% of our non-union workforce was affected. 

We knew it was coming and read that October had more companies submit WARN notices in a month since 2003.  

I re-balanced my 401k to be heavier on the bond side once I got off of my 'all clear' meeting.  I think the AI bubble will keep the stock market up for a bit still, but you can't outrun unemployment and I feel like that's going to hit before the AI bubble does.  

Edited 4 hours ago by ewsieg

[Screwball]

3 hours ago, Screwball said:

More chart porn. This is today's chart of the MAGS, the ETF that is made up of the following companies; Alphabet (GOOGL), Apple (AAPL), Amazon (AMZN), NVIDIA (NVDA), Microsoft (MSFT), and Tesla (TSLA).

3 month chart. Yellow arrow shows the gap it created today at open. This gap will at some point, close.

 

That didn't take long. Mr. Market started out good, but has now given it all back and then some. This is the same chart. The gap has already filled.

 

[Screwball]

2 hours ago, ewsieg said:

My company was hit with layoffs today.  My team escaped any hit, but the news is reporting about 17% of our non-union workforce was affected. 

We knew it was coming and read that October had more companies submit WARN notices in a month since 2003.  

I re-balanced my 401k to be heavier on the bond side once I got off of my 'all clear' meeting.  I think the AI bubble will keep the stock market up for a bit still, but you can't outrun unemployment and I feel like that's going to hit before the AI bubble does.  

If I am allowed to be nosy, did they give any reasons for the layoffs? I would be curious of what the company said, and what the reasons are according to the employees. 

People are the easiest and quickest way to help the bottom line. Reducing people saves money and they don't care about much else. You can now do someone else's job along with yours. Your welcome, or your next.

I went through this in 2017. They laid off hundreds then announced a mutimillion dollar expansion. Imagine that.

[ewsieg]

8 minutes ago, Screwball said:

If I am allowed to be nosy, did they give any reasons for the layoffs? I would be curious of what the company said, and what the reasons are according to the employees. 

People are the easiest and quickest way to help the bottom line. Reducing people saves money and they don't care about much else. You can now do someone else's job along with yours. Your welcome, or your next.

I went through this in 2017. They laid off hundreds then announced a mutimillion dollar expansion. Imagine that.

We're a big company, so while we do have a large acquisition going on right now, this specifically was done for cost cutting purposes only.  We were specifically told none of these jobs were lost to AI, simply we needed to get leaner and meaner.

[Deleterious]