The entire US economy right now is 7 companies sending a trillion fake dollars back and forth to each other, but it’s totally not a bubble according to grampa Powell.
The entire US economy right now is 7 companies sending a trillion fake dollars back and forth to each other, but it’s totally not a bubble according to grampa Powell.
Hear me out - nvidia knows it’s a bubble, but it’s a valuable bubble for them. They give some money to these companies that want to buy a ton of GPUs, they get to sell a bunch of GPUs right now and look super profitable while also killing the supply on GPUs, which keeps pushing the price of these things higher and higher. By the end of it, they will have conditioned the entire world to think that a low end GPU should cost $1000, and a high end one should cost $5000.