• SaveTheTuaHawk@lemmy.ca
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    2 days ago

    Because investors know with the Democratic house, Huang is about to get a colonoscopy on NVidia’s exports.

    • bedwyr@piefed.ca
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      2 days ago

      Well, I think that is a little overblown. The democrats might make a stink, but they will DO nothing other than a referral to main justice, and we all know how that will turn out, worst case they pay a fine and don’t admit fault.

      The stormclouds are on the horizon for other reasons for these incestuous charlatains selling this perhaps the biggest ever scam of overhyping something already though. So this just adds to the down pressure.

      That said, nvidia is so far overpriced it defies comprehension. 2.5 trillion or whatever is so much more than they are actually worth it is astounding.

      Their P/E ratio of 27/1, from a 10 year average of 50, is above the 13 or so that is/was considered a key to the intrinsic value, sector depending.

      But earnings can be a squishy measure, especially with how these tech douche lords are running this AI thing.

      • ParlimentOfDoom@piefed.zip
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        1 day ago

        2.5 trillion

        Oh boy are you in for a surprise. It’s 4.43 trillion. And that’s after the 20% drop over the last month.