After five years of ramping up Capex expenditure asks from every business units while under-delivering, the tech bro AI scam is already coming undone, thanks to deepseek, which is likely US/western tech seeded out through back channels, corporate spies etc.,

Wall Street allowed it because they have exhausted every other new investment venture - ESG, blockchain, Climate, clean energy, net zero etc., AI was that newest to re-allocate more of the trillions in AUM - the gravy train has stopped.

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Tell me you don't understand technology, the stock market, the semiconductor industry, or the economy without telling me...

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Money printing for COVID did not get spent and went directly to stocks and assets. It created asset bubbles and did not save small business and jobs. The economy is sick and the statistics have been deceiving as the economy seems to have gotten significantly weaker since late 2022. This won Trump the election. Consumer debt and homelessness are at all times highs. Job finding rates are worse and the percentage of long-term unemployed is virtually unchanged every passing labor report. The government debt will never be repaid and the US government could default when social security becomes bankrupt in 2033. History is going to repeat and this is another gilded age.

Nvidia's pe is 48X. I don't know how that is sustainable. They already have 90% of the GPU market and gaming is stagnant. They are limiting supply to keep prices high but I think people are starting to wake up to price vs performance. Intel GPUs have made nice gains and if Intel continues, they should take a significant portion of budget gamers. Intel GPUs actually sold out and they underestimated demand.

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