Because of the recent rally in SHITCOINS, we’re seeing immense interest in NVDA — because millennials are firing up the olde crypto puzzle decoding machines in Moms basement, in an effort to mine fractions of a fraction of a bitcoin. These machines run very hot, and also draw an immense amount of energy — and could cause blackouts for entire neighborhoods. All of this is reason enough to arrest these people and commit them to asylums. But it gets worse.
They also leverage their brokerage accounts and buy shares of NVDA — based on the idea that GPUs will be flying off the shelves, now that their lambo making machines are back up and running again. This is retarded thinking.
Mysteriously, shares of NVDA just won’t buckle or bend these days, perhaps reminiscing of the days when the company actually had year over year revenue growth. Nowadays, the company bleeds out revenues and then offers promises of resiliency — thanks to the pipe dream of AI and how they’re so wonderfully intertwined with having humans crash their cars into tractor trailers whilst drinking a martini with two hands.
In short, when NVDA cracks lower, and believe me it will, then you will see a deluge of selling — ironically due to AI driven Quant selling, at which point the semi index will crash asunder and we can crack on with the summertime correction that seems to harangue us each and every year.If you enjoy the content at iBankCoin, please follow us on Twitter