Lmao no
— Elon Musk (@elonmusk) January 27, 2025
Stock Markets
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Last: 1 hr ago by Heineken-Ashi
I wonder if this could be like China steel dumping. The gov subsidizes cost to allow their companies to undercut the US AI market.
Narrative is that the US chip restrictions imposed on China resulted in them getting creative with cheaper solutions.
Maybe it's both dumping and then pointing finger at US restrictions.
Narrative is that the US chip restrictions imposed on China resulted in them getting creative with cheaper solutions.
Maybe it's both dumping and then pointing finger at US restrictions.
I'm just posting my own opinion before I go to sleep.
1) Imho, China is FOS and tonight's horrible futures are algos being activated.
2) Don't make any emotional decisions at the open and just let things play out.
3) If you can't be at your computer tomorrow, then at least have your mobile devices on you.
4) If you're in solid companies with GTC stop losses, then I'd consider canceling those orders because they're vulnerable to a stop-loss raid.
Look, everyone here is more than capable enough to make the best decisions for themselves, just don't let emotions overtake your ability to reason. Take a deep breath, and don't deal in absolutes or fear.
1) Imho, China is FOS and tonight's horrible futures are algos being activated.
2) Don't make any emotional decisions at the open and just let things play out.
3) If you can't be at your computer tomorrow, then at least have your mobile devices on you.
4) If you're in solid companies with GTC stop losses, then I'd consider canceling those orders because they're vulnerable to a stop-loss raid.
Look, everyone here is more than capable enough to make the best decisions for themselves, just don't let emotions overtake your ability to reason. Take a deep breath, and don't deal in absolutes or fear.
NVDA -6% to 134.
AAPL 219
SPY 601
TSLA 395
AAPL 219
SPY 601
TSLA 395
Meta: We're spending $60 billion to develop an AI data center that's almost the size of Manhattan.
— The Kobeissi Letter (@KobeissiLetter) January 27, 2025
DeepSeek: We trained our entire AI model for $6 million.
Something does not add up here. pic.twitter.com/WNqwtO6TDv
There is no way in hell China produced something that will threaten the American tech titans. This is nonsensical garbage.
SPY 597
NVDA 132 -7%
NVDA 132 -7%
NVDA 129 -10%
Didn't really think it would come down this far, but next two levels down for NVDA are $125 (likely the bounce off of imo) and then $116. I'll be deploying cash
Surprised that the hardest hit are VST and GEV
Surprised that the hardest hit are VST and GEV
VST was a new Pelosi play
Constellation Energy another one getting pounded
A bloodbath
Crazy what one piece of somewhat questionable news can do to the algos
So I'm trying to catch up. What news caused this drop?
BrokeAssAggie said:
So I'm trying to catch up. What news caused this drop?
China saying they created a functional AI for $10MM vs the billions all the tech companies are throwing at it here
Ah, yeah. Seems SUS
It's not like china has ever lied on the world stage for their benefit, amiright?
Oh shizzle! Buy the dippers ENGAGE!!!
I'm going to looks at SPY $600 calls 30 days out.
Charismatic Megafauna
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AG
Charismatic Megafauna said:
Not going short spy, but gonna start nibbling on some otm vxx calls for next week. Lot of support for vix in the 14.5 range going back several months
We goin sizzler?
SOXL buy opportunity.
Parking myself here today.
China lies, y'all. This whole thing is super suspect.
China lies, y'all. This whole thing is super suspect.
will be buying more of all of these stocks today!
no way will they never recover over the next few years:
no way will they never recover over the next few years:
NEW — China’s DeepSeek Triggers a Global Tech Stock Sell-Off
— Chief Nerd (@TheChiefNerd) January 27, 2025
“Marc Andreessen put it really succinctly and really smartly when he said that this feels like the Sputnik Moment for the AI race” pic.twitter.com/alpEc97ZLs
Thats what people said about yahoo and other similar tech stocks at ATH when they were still at the top of their games.LMCane said:
will be buying more of all of these stocks today!
no way will they never recover over the next few years:NEW — China’s DeepSeek Triggers a Global Tech Stock Sell-Off
— Chief Nerd (@TheChiefNerd) January 27, 2025
“Marc Andreessen put it really succinctly and really smartly when he said that this feels like the Sputnik Moment for the AI race” pic.twitter.com/alpEc97ZLs
The only thing here is if China lied or not. Of course they did about something, but the item is how much did they lie and about what? If the costs are even within an order of magnitude of being correct, it completely changes the valuation of AI companies. Lower barriers to entry and more competition means lower prices, which means you never grow enough to justify these crazy valuations. (Specifically AI-centric companies)
I went on a buying spree, wish I put in limit orders overnight but oh well.
I have only a tiny amount of cash right now, unfortunately, but I do believe the Chinese are full of BS and this is a dip worth buying into. What are people lining up to buy today, besides Nvidia???
The one time I go on a buying spree.....last week. Effectively blew my load for now. It's the only reason China released the news now. Someone in power over there felt something brush his mind, a whisper. "Eli made his move, it's go time!"Chef Elko said:
I went on a buying spree, wish I put in limit orders overnight but oh well.
is there any reason to believe that over the next ten years-Heineken-Ashi said:
If you have been following my SPY charts, the most recent posted Friday after close, then you know where support is and welcome the gift it could provide should it hold. You also know what level breaks the upside potential and makes your butthole pucker. That there happened to be a catalyst that set off the selling is irrelevant. You can't be emotional and reactive when trading. The inherent psychology that seemingly makes you successful at everything else will cause you to fail when trading. You have to know the plan and be willing to take risks when it plays out. And if the plan fails, you have to know how to pivot and be prepared for the alternate scenario.
NVIDIA won't be back up to the high of last friday?
Is there any argument possible that if we buy at 0930 these companies won't eventually reach back to last week's price in the next decade?
Eliminatus said:The one time I go on a buying spree.....last week. Effectively blew my load for now. It's the only reason China released the news now. Someone in power over there felt something brush his mind, a whisper. "Eli made his move, it's go time!"Chef Elko said:
I went on a buying spree, wish I put in limit orders overnight but oh well.
Are you Jim Cramer?
I highly doubt China figured out how to achieve OpenAI/ChatGPT results using 3% of the total costs/compute power or whatever it is. The top tech companies in the world are working on this around the clock with the most advanced chips and billions of dollars to throw at the problem. Someone comes in and says "yeah this was kind of a side project and we just did it only using X amount of compute and $10MM" bull****
I'm going to be buying a few thousand dollars of:He Who Shall Be Unnamed said:
I have only a tiny amount of cash right now, unfortunately, but I do believe the Chinese are full of BS and this is a dip worth buying into. What are people lining up to buy today, besides Nvidia???
NVDA
AMZN
VKTX
CEG
PLTR
Also selling Costco which last weekend had an event with Reverend Al Sharpton defending their DEI programs.
Great points.
Are we supposed to believe though that there will be no need for NVIDIA chips in the future
just because the Communists are rolling out some AI search?
Are we supposed to believe though that there will be no need for NVIDIA chips in the future
just because the Communists are rolling out some AI search?
What's the board thinking on MSTR? Don't have much, just 25 shares with an average cost basis of $217.04/share. I'm sitting on an overall gain of about 63 percent but it's getting chewed down quickly from the shares I added in November at $399.15/share. Should have set stops, but alas, here we are.
I've literally top ticked the multi-year high on a trillion+ dollar plus company plenty of times.Eliminatus said:The one time I go on a buying spree.....last week. Effectively blew my load for now. It's the only reason China released the news now. Someone in power over there felt something brush his mind, a whisper. "Eli made his move, it's go time!"Chef Elko said:
I went on a buying spree, wish I put in limit orders overnight but oh well.
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