Probably this is all very reactionary, NVIDIA's stock will recover and they'll remain a big player in the LLM space.
But I'm uninterested in LLM's and would love to see price drops on GPU's, so i hope there is a longer term moderate market loss for them in this space.
but many people say that they only still make gpu's out of inertia and image issues. it's no longer their main business.
For now. (Probably for later, too.)
Is it really that big of a fall?
Maybe to stock people since they panic at everything but it’s way up overall
Exactly. Once a stock hits a certain price swings one way or another do have big impact on market cap right now. But context and history are important in the grand scheme
Yeah NVIDIA recovered from way worse during the pandemic
~12% for a widely speculated upon stock, not really.
Only for day traders
China good because capitalism bad.
I know this is a joke, but China has more capitalism than the US.
If you use a non-traditional definition of Capitalism, I suppose, and you are referring to quantity, not power or percentage of the economy. They are more accurately described as a Socialist Market Economy, relying on state owned heavy industry (steel, banking, energy, transportation) and heavily controlled and planned private owned light industry (many consumer goods, clothing, gaming, etc). That's a major oversimplification, of course, but they run on Marxist-Leninist conceptions of economics.
