51–60 of 235 posts
This should be the news of the day, or even should I say, the news of the last 3 years. The bubble is starting to crack.
There's no sign of cracking here: > SoftBank said Tuesday it has sold its entire stake in U.S. chipmaker Nvidia for $5.83 billion as the Japanese giant looks to capitalize its “all in” bet on ChatGPT maker OpenAI.
Earlier quoted context omitted.
Softbank is likely in trouble and needs the cash or something.
SoftBank, according to its stock, is in the best shape ever. https://finance.yahoo.com/quote/SFTBY/
Until it wasn’t. Then it was again.
Either way, cash flow != stock price, not that SoftBank is in a ‘business’ that likely needs a lot of cash.
Maybe they just needed a new yacht?
Or need to bail out one of their investments?
I'm sorry, why is this on Hacker News? I'm on investing subreddits all the time, and I'd expect it there. But I don't see how this is "anything that gratifies one's intellectual curiosity." If there wasn't an AI bubble narrative, then sure, this this would gratify my curiousity. But now I don't see it, not even in the most charitable way. I'm curious what the line of thinking is on how this does, in some way, gratifi…
Stock market is really, really interesting
Stock news is barely on HN.
Oh, wait, I guess I see it now. It is on HN way more frequently when it involves Big Tech. And NVidia is increasingly seen as part of that. It used to be FAANG but now it's the Magnificent 7. The bias shifted.
That'd make sense.
Earlier quoted context omitted.
I would have thought that the OpenAI bet is way more risky, because if someone comes along with a better model it could really hurt OpenAI. NVIDIA seems harder to dethrone imo.
It's SoftBank though, weird risk taking investments seems to be their jam.
Note the first line: > SoftBank said Tuesday it has sold its entire stake in U.S. chipmaker Nvidia for $5.83 billion as the Japanese giant looks to capitalize its “all in” bet on ChatGPT maker OpenAI. They are switching gears, not exiting, folks.
Softbank can also choose not to.
Earlier quoted context omitted.
I would have thought that the OpenAI bet is way more risky, because if someone comes along with a better model it could really hurt OpenAI. NVIDIA seems harder to dethrone imo.
In many ways OpenAI is transitioning towards an end-user facing product business. They have by far the strongest brand among consumers and are positioning themselves to take on Google/Meta in the ad business. By proxy, having the strongest frontier model becomes less and less necessary for them and instead building a strong product by properly layering medium-strong models in a cost-efficient way is the priority.
The numbers are just mind boggling even in the optimistic scenario.
Earlier quoted context omitted.
I would have thought that the OpenAI bet is way more risky, because if someone comes along with a better model it could really hurt OpenAI. NVIDIA seems harder to dethrone imo.
It's SoftBank though, weird risk taking investments seems to be their jam.
Earlier quoted context omitted.
Why are you assuming people around you automatically have the means and desire to invest their own money into risky financial instruments? This is so weird.
Risky? He said it's EXTREMELY likely. There's little risk. Margin loans are available.
It's likely there will be another major stock market crash, it's part of the cycle, and will always happen in its current form, good luck finding a way to time it and make a huge profit though.
Earlier quoted context omitted.
Risky? He said it's EXTREMELY likely. There's little risk. Margin loans are available.
It can be both, likely and risky, timing the market is one of the riskiest things one can do... It's likely there will be another major stock market crash, it's part of the cycle, and will always happen in its current form, good luck finding a way to time it and make a huge profit though.