Not sure if it’s correct, I didn’t actually short NVDA so all I can do is collect my bayes points. I did expect most investors to think at a first-level thinking as that was my immediate reaction on reading about DeepSeek’s training cost. If models can be duplicated a few weeks / months after they’re out for cheaper, then you don’t have a moat (this is for most regular technologies. I’m not saying AI isn’t different, just that most investors think of this like any other tech innovation)
Yeah, in one sense that makes sense. But also, NVDA is down ~16% today.
And is that correct? Do you expect that to last? My 2021 NVDA purchases still feeling pretty wise right now. :P
Not sure if it’s correct, I didn’t actually short NVDA so all I can do is collect my bayes points. I did expect most investors to think at a first-level thinking as that was my immediate reaction on reading about DeepSeek’s training cost. If models can be duplicated a few weeks / months after they’re out for cheaper, then you don’t have a moat (this is for most regular technologies. I’m not saying AI isn’t different, just that most investors think of this like any other tech innovation)
I am so out of touch with mindset of typical investors that I was taken completely by surprise to see NVDA drop. Thanks for the insight.