Not sure if it’s correct, I didn’t actually short NVDA so all I can do is collect my bayes points. I did expect most investors to think at a first-level thinking as that was my immediate reaction on reading about DeepSeek’s training cost. If models can be duplicated a few weeks / months after they’re out for cheaper, then you don’t have a moat (this is for most regular technologies. I’m not saying AI isn’t different, just that most investors think of this like any other tech innovation)
Not sure if it’s correct, I didn’t actually short NVDA so all I can do is collect my bayes points. I did expect most investors to think at a first-level thinking as that was my immediate reaction on reading about DeepSeek’s training cost. If models can be duplicated a few weeks / months after they’re out for cheaper, then you don’t have a moat (this is for most regular technologies. I’m not saying AI isn’t different, just that most investors think of this like any other tech innovation)
I am so out of touch with mindset of typical investors that I was taken completely by surprise to see NVDA drop. Thanks for the insight.