But the original premise was right. It won't take much to move AMD. Conversely... it's not going to take much to move NVDA DOWN but a LOT to move it up.
I love that everyone is sooo confident in AGI and that it could generate TRILLIONS over the next decade for NVDA, but I'm... not loving the circular investing.
OpenAI invests in AMD, NVDA invests in OpenAI... 1.5B.
Meanwhile the Govt' buys a steak in INTC and kinda...."encourages" NVDA to work with them so they can get the export controls lifted on the B30, but now China doesn't WANT to buy from them(though their largest companies still plan to if that does in fact end up happening).
So Nvidia is investing 1.5B in a company that buys from Nvidia...
I haven't asked many questions yet, but that's getting a bit concerning(from a layman's viewpoint). Though, I will say, when it's been time to unload or buy something, I do get a call, so I'm just curious now.
@owbcyou seem to be more knowledgeable on the tokenization and the GPUs infrastructure. Is this just Nvidia investing in another promising company or are they kinda... ensuring OpenAI has enough revenue to goose their revenue which is taking a potentially 50 BILLION dollar hit this year from the loss of China(which used to be 25% of their revenue)...
I will say, my inaction and being leery of paying the income tax vs long term Capital Gains on AMD has been an incredibly lucky and undeserved development. I had every intention of selling, I just... wasn't sure where else to put it. It's also got me wishing I'd bought 10K shares instead of 5K(then again, I get just sick looking at where I bought D-wave and where it is now... but I didn't have conviction in that investment).