Well kiss any sense of getting a new GPU or Processor good bye.
Fuck AI.
Whales are always the most dangerous customer for a company to have. Because once a customer becomes a whale, they can dictate terms under threat of leaving. Or they can create massive secondary damage by their own failing.
Which is why I strongly suspect that many companies will become bankrupt once this AI bubble bursts - and not small ones, either. No, I fully expect nVidia to go into full Chapter 11 and lose 90+% of its value, requiring trillions in bailout in order to “save”.
Anyone who knows anything about boom-bust cycles will be escaping this bubble like rats from a ship.
There’s really no way to escape the bubble pop. Not for us normal people anyway.
Normal people can somewhat cushion themselves from any severe crash.
Debt itself is not the problem. Lots of debt is actually fine - inflationary effects can and will whittle that debt away, assuming you are still servicing it.
No, the real issue comes down to single-family homes on arable land. If your home is debt-free and completely paid off, there is no legal way to take that away from you, and the land it sits on can allow you to grow food for yourself and even sell a little on the side. While a severe economic crash will be painful for most anyone not of the Parasite Class, those who have debt-free arable land have a chance to ride out that crash better than most.
Granted, the devil is in the details, but in broad strokes this is a truism. The difference is between virtual or physical assets that depend on appreciation, and those who can work for you.
Nvidia will likely lose a huge chunk of their share price, but I don’t see them going bankrupt because selling GPUs is still so profitable. If they can’t sell to AI companies there are plenty of other people lining up to buy them.
AMD, You were the Chosen One! It was said that you would destroy the cryptominers, not join them! Bring balance to the video card market, not leave it in darkness!
Don’t do this to us! AMD was our last hope!
Saving me the legwork to not have to figure out which company is dead to me for treating its regular consumers like trash. I hope every one of these companies crash and burn in spectacular fashion. Never forget
Something something a follow up joke about special debt vehicles
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Honestly, if the AI craze hadn’t bought off all the basic components needed for consumer PC builds, I’d probably object, but as it is, the market for consumers is being so starved that they could not survive on sales to them alone.
🙄
