Tony Bark@pawb.social to Technology@lemmy.worldEnglish · 1 month agoThe Big Short Guy Just Bet $1 Billion That the AI Bubble Popsfuturism.comexternal-linkmessage-square11linkfedilinkarrow-up12arrow-down10
arrow-up12arrow-down1external-linkThe Big Short Guy Just Bet $1 Billion That the AI Bubble Popsfuturism.comTony Bark@pawb.social to Technology@lemmy.worldEnglish · 1 month agomessage-square11linkfedilink
minus-squareWomble@piefed.worldlinkfedilinkEnglisharrow-up0·1 month agoIt wont be Nvidia unless they play things incredibly badly, they’re the only ones making actual profit by selling shovels in the goldrush.
minus-squareScubus@sh.itjust.workslinkfedilinkEnglisharrow-up0·1 month agoYeah, but dont they also have the largest promisory debt? Havent they loaned the most most money that they dont actually have?
minus-squareWomble@piefed.worldlinkfedilinkEnglisharrow-up1·1 month agoFrom a quick look they have ~40B USD in liabilities and make ~115B USD gross profit. Being able to pay off the entirety of their debt with 4 months of profit seems pretty healthy to me.
It wont be Nvidia unless they play things incredibly badly, they’re the only ones making actual profit by selling shovels in the goldrush.
Yeah, but dont they also have the largest promisory debt? Havent they loaned the most most money that they dont actually have?
From a quick look they have ~40B USD in liabilities and make ~115B USD gross profit. Being able to pay off the entirety of their debt with 4 months of profit seems pretty healthy to me.