NVIDIA and AI Trouble ahead

[CrusaderFrank]

Apparently AI caught a potential fraud in NVIDIA recently quarterly statement in 18 hours

Further this could be the beginning of a massive correction and realignment

The author is a gem, follow on Substack

The Algorithm That Detected a $610 Billion Fraud: How Machine Intelligence Exposed the AI Industry’s Circular Financing Scheme

 

[1srelluc]

The AI folks are borrowing a shit ton of money and the wall street types have not been able to wrap their heads around the implications of the whole AI finance thing yet. Lending institutions are just shoveling money at all things AI.

I figure if they can't figure it out then I don't need to be going there. I mean who really understands that mess in the link you posted?

I'd hold if I had a small position in AI but I'd not be buying AI during a dip. I'd sooner lose a little than lose big later by being over positioned.

If you hold and it picks back up then you are GTG, no harm, no foul.

 

[Rambunctious]

If you want to make a buck on AI's advancement in the market buy energy stocks.... AI will bring back sanity to how we generate energy... watch for Nuclear plants to be built... they can be smaller today and supply the same output of energy...
AI will take huge amounts of power to operate... this is why China is building coal plants by the dozens....

 

[drudge X]

If you want to make a buck on AI's advancement in the market buy energy stocks.... AI will bring back sanity to how we generate energy... watch for Nuclear plants to be built... they can be smaller today and supply the same output of energy...
AI will take huge amounts of power to operate... this is why China is building coal plants by the dozens....

I am continuing to load up on Nvidia. There is no bubble. The world has barely integrated AI into real usage for the average person. There are lots of potential. China knows this and see the potential and power required. I read several weeks back this company that I have never heard of is building portable mobile nuclear reactor. If achievable, it would be a game changer.

NANO Nuclear Energy Inc.

NANO Nuclear Energy Inc. - is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across four business lines...

nanonuclearenergy.com

As Jensen Huang said last month, China is nanoseconds behind the US. If US blinks, China will take the lead.

 

[egp320i]

I am continuing to load up on Nvidia. There is no bubble. The world has barely integrated AI into real usage for the average person. There are lots of potential. China knows this and see the potential and power required. I read several weeks back this company that I have never heard of is building portable mobile nuclear reactor. If achievable, it would be a game changer.

NANO Nuclear Energy Inc.

NANO Nuclear Energy Inc. - is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across four business lines...

nanonuclearenergy.com

As Jensen Huang said last month, China is nanoseconds behind the US. If US blinks, China will take the lead.

AMD, micron, intel all got crushed today but buy the dip, I think they will all go up because demand is there and will continue to be

MU and AMD have a buy rating and a 280 or so price point

 

[CrusaderFrank]

If you want to make a buck on AI's advancement in the market buy energy stocks.... AI will bring back sanity to how we generate energy... watch for Nuclear plants to be built... they can be smaller today and supply the same output of energy...
AI will take huge amounts of power to operate... this is why China is building coal plants by the dozens....

In the article he mentions that at the current rate, we’ll need to add 130 gigawatts if electricity to meet AI demand in the next few years

 

[NewsVine_Mariyam]

I am continuing to load up on Nvidia. There is no bubble. The world has barely integrated AI into real usage for the average person. There are lots of potential. China knows this and see the potential and power required. I read several weeks back this company that I have never heard of is building portable mobile nuclear reactor. If achievable, it would be a game changer.

NANO Nuclear Energy Inc.

NANO Nuclear Energy Inc. - is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across four business lines...

nanonuclearenergy.com

As Jensen Huang said last month, China is nanoseconds behind the US. If US blinks, China will take the lead.

This isn't a criticism, but when you refer to the average person as in

The world has barely integrated AI into real usage for the average person

are you referring to a world in which EVERYONE is using AI or AI is impacting everyone's lives. I ask because I was apprehensive when computers first went from academia and the business world to everyone's home, now pocket or purse.

I'm just trying to envision the world you're referring to because there have already been issues with people who don't know how to use it or what can result if things go off the rails with their AI device or app.

 

[Dekster]

My sister is married to Nvidia at this point. Her Well Fargo whoever has her IMHO over exposed but she told me she was up $10K just on that one stock the other day when they beat expectations

 

[CrusaderFrank]

My sister is married to Nvidia at this point. Her Well Fargo whoever has her IMHO over exposed but she told me she was up $10K just on that one stock the other day when they beat expectations

Please read the article or at least send it to her

 

[leftwinger]

Down yesterday on FED talk (killed 1.5% upswing) heading back up today on another FED talking?

New York Federal Reserve President John Williams said Friday he expects the central bank can lower its key interest rate from here as labor market weakness poses a bigger economic threat than higher inflation.

 

[drudge X]

This isn't a criticism, but when you refer to the average person as in

are you referring to a world in which EVERYONE is using AI or AI is impacting everyone's lives. I ask because I was apprehensive when computers first went from academia and the business world to everyone's home, now pocket or purse.

I'm just trying to envision the world you're referring to because there have already been issues with people who don't know how to use it or what can result if things go off the rails with their AI device or app.

I am saying that there is no stopping AI. Think about it. Automobiles and phones are already using AI, although infant stage. When Motorola introduced "The Brick", those who cannot afford one were like wow. I know I did. Today, billions of people owned a phone and all kinds of portable gadgets. What's next? Future homes will be completely AI, from lights, television, refrigerator, microwave, washer and dryer, etc. Hell, entire society will be AI integrated. Even phones and television, the kind we know today, may become obsolete down the years. Future television is a high definition minuscule projector mounted on the ceiling weighing less than 8 oz.

I just don't see the semiconductor industry slowing down anytime soon. Those who continue to say AI bubble probably want to buy cheap shares after convincing investors to dump.

My vision may be radical but look at the sci Fi writers from the past. Readers then believed these writers were crazy. Have you seen IBM's first 5MB hard drive? Forklift was required to load that behemoth on the plane. If you could somehow travel back and tell those folks that future 2TB drive is smaller than your palm or the current iPhone can perform billions of calculations per second versus 8000 for the Voyager probes, they would say you're a nutcase.

 

[NewsVine_Mariyam]

I am saying that there is no stopping AI. Think about it. Automobiles and phones are already using AI, although infant stage. When Motorola introduced "The Brick", those who cannot afford one were like wow. I know I did. Today, billions of people owned a phone and all kinds of portable gadgets. What's next? Future homes will be completely AI, from lights, television, refrigerator, microwave, washer and dryer, etc. Hell, entire society will be AI integrated. Even phones and television, the kind we know today, may become obsolete down the years. Future television is a high definition minuscule projector mounted on the ceiling weighing less than 8 oz.

I just don't see the semiconductor industry slowing down anytime soon. Those who continue to say AI bubble probably want to buy cheap shares after convincing investors to dump.

My vision may be radical but look at the sci Fi writers from the past. Readers then believed these writers were crazy. Have you seen IBM's first 5MB hard drive? Forklift was required to load that behemoth on the plane. If you could somehow travel back and tell those folks that future 2TB drive is smaller than your palm or the current iPhone can perform billions of calculations per second versus 8000 for the Voyager probes, they would say you're a nutcase.

I don't disagree with you, I was just curious what you were thinking because my mind immediately went to two specific cases. The parents who provided their child with ChatGPT without apparently testing it themselves or knowing enough about what it does and how and are now alleging that it not only provided their son with instructions on how to commit suicide, but encouraged him to do so. The other example is the business who granted their AI application access to their PRODUCTION environment (2nd mistake) where it dropped a database that they did not have a backup of (first mistake) and then lied about/hid what it had done.

My visceral reaction was "just like everyone who is not prohibited has the right to own a firearm, doesn't mean it's a good idea for EVERYONE in society to have one". This is the line of thinking my mind was taking...