Oopsy- Nvidia takes a hit

The news the last couple of days has reported somewhat confusingly on new Chinese AI company called ‘DeepSeek’. I found a fairly clear report on the BBC about what is going on. DeepSeek itself isn’t the really big news, but rather what its use of low-cost processing technology might mean to the industry.

And that implication has cause a massive stock selloff of Nvidia resulting in a 17% loss in stock price for the company- $600 billion dollars in value decrease for that one company in a single day (Monday, Jan 27). That’s the biggest single day dollar-value loss for any company in U.S. stock market history.

(more…)

Continue ReadingOopsy- Nvidia takes a hit

The economy: why am I optimistic?

The global economy has collapsed, the stock market is decimated, we are all going to lose our jobs, and the sky is falling! Oddly, none of the recent economic turmoil has scared me. In fact, when stocks bottomed out (presumably) a couple of weeks ago, I started buying shares. I’m not Warren Buffett, but I now own a couple hundred shares of GM, and twenty-some shares each of Apple, Microsoft, and RIM.

Am I crazy? I’m hearing of people selling their houses and buying gold, stocking up on tinned goods and toilet paper, and most of all desperately trying to convert any equity investments they have into or some kind of guaranteed investment. There must be something wrong with me that I keep feeling this strange compulsion to go buy more stock…

(more…)

Continue ReadingThe economy: why am I optimistic?

End of content

No more pages to load