this post was submitted on 17 Oct 2024
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Economics

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The U.S. Economy - brought to you by Nvidia (sh.itjust.works)
submitted 5 days ago by 31337@sh.itjust.works to c/economics@lemmy.world
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[–] pearable@lemmy.ml 12 points 4 days ago

I think it has more to do with all that evaluation being propped up by the idea that AI will be massively profitable. All the things you mention were true five years ago when their evaluation was less ridiculous. When Nvidia's stock evaluation falls they'll be fine. I think the rest of the market is going to take a big hit and I expect a recession is inevitable.