Nvidia might save the S&P lol. Maybe Black Monday has been put off for a while!
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Nvidia might save the S&P lol. Maybe Black Monday has been put off for a while!
NVIDIA is now bigger than US Steel, General Motors and IBM combined! Never thought I'd see that.
https://www.nzherald.co.nz/business/...PFHJW7A3LATPQ/
Wow, this is disappointing. NZ's economy is in a terrible state.
Despite NVIDIA, I'm pretty sure the Black Monday thread will see plenty of action in the future.
fund managers are selling nz50 today raising money for nvidia purchases tonight
browsing a asx announcement yesterday the company said it saved 1000 worker hrs / mth thx to AI the last 6 mths :scared: probably powered the decision with help from nvidia
What's happening - and a lot of people can't see it - is corporate functions are being switched from being done by people to being done by A.I. "plug-ins" at a datacenter. And the amount of money involved is astronomical. Nvidia at $500 is a cheap stock right now.
My instinct is NZ is in big do-do right now; and a big recession coming. But who knows lol......