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[-] Voroxpete@sh.itjust.works 6 points 4 weeks ago

A cautionary tale that even the Zuck didn't learn, given how much money he's fruitlessly burning on bad AI and Ray Ban partnerships.

The only people actually making money off this whole thing are Nvidia, because if there's one solid bet in a gold rush it's selling picks and shovels.

[-] mushroommunk@lemmy.today 2 points 13 hours ago

That's drying up for even Nvidia if the circular investing we're seeing is any indication

[-] Voroxpete@sh.itjust.works 1 points 11 hours ago* (last edited 11 hours ago)

Yeah, which is a problem for their share price, but not for their bottom line.

Like, the worst case scenario for Nvidia is they go back to merely being the world's biggest supplier of GPUs. Oh boo hoo hoo. They will see a massive correction to their share price, and the execs would all rather tht didn't happen because it will destroy a lot of their newfound personal fortunes, but the company itself will be fine (unless they've massively over leveraged themselves with their shares as collateral).

this post was submitted on 21 Sep 2025
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