One of the most interesting things to me about the DeepSeek news is how it has thoroughly taken over Techmeme today. If anything could illustrate what a bubble looks like, it's having some random company's latest software release obliterate all other news in the tech space.
@scribandotcom accurate. It also shows what the press and the market actually knows about this technology...which is negligible.
Great time to buy Nvidia, honestly.
@noplasticshower I would probably give this at least a couple of days to shake out, myself.
The catching of falling knives and all that.
This is *not* any kind of investment advice.
@mkj @scribandotcom I have owned Nvidia stock for years. It's a roller coaster all the time. But the value is real in my view and not too tightly tied to the current crop of AI.
@scribandotcom ...while simultaneously wiping out (apparently, I haven't checked it myself) 15% of a company's value in a matter of hours.
If that value was based on *any* sort of fundamentals, that wouldn't happen.
@godofbiscuits It really must hurt to be a billionaire today.
@mkj @scribandotcom the only ones this really hurts are the regular folks who thought they might make a little money on the meteoric rise of NVIDIA.
@scribandotcom I view such developments with a romantic point of view myself, a testament of the disruption that can be achieved without depending on Big Tech. A reminder to all of us of the change that is possible.