I feel bad for Nvidia, they seem to be a solid company overall, but this correction was inevitable. AI has been in an unprecedented hype -- an absolute mania bubble -- for years now. The bubble was already in the red-zone by the time ChatGPT was released but after ChatGPT, the whole AI market went positively stratospheric. And while I do think that current-generation AI is going to have a truly revolutionary impact on technology and the economy, it's not the return-of-the-gods that the Spock-eared transhumanists have been claiming it is. In my view, that is the single biggest factor contributing to the Nvidia stock-price collapse.
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