Everybody Loves a Ponzi‘Perhaps there is still time to defeat history.’-Daniel OliverMr. Oliver must be an unreconstructed optimist. An un-mugged Democrat. A man enjoying his first vote…or his second marriage.The history he is referring to is the one we know so well. It is the history of booms and busts…and of great nations laid low by the ‘fatal conceit’ of their leaders.All bubbles burst.All paper currencies become worthless.All empires decline and fall.it is a repeatable, predictable, investable history ...

And this fight is actually escalating. And I say that because Bur, who is the investor who called the housing crisis, claims big technology is cooking the books by depreciating AI chips over 5 to 6 years when they really burn out in two to three. By his math, that understates cost by roughly 176 billion through 2028.Depreciation is just how companies spread out the cost of equipment over its useful life. So, if you say a chip lasts six years instead of three, you only expense half as much each year, which m ...

Core Insights - Nvidia reported record quarterly revenue and earnings, surpassing Wall Street expectations, yet its stock has declined over 8% since the announcement [1][3] - The stock is currently trading about 17% below its record high from late October, when it became the world's first $5 trillion company [1] - Concerns about an AI bubble have impacted Nvidia's stock performance despite strong earnings [2][3] Financial Performance - Nvidia's quarterly results exceeded estimates, but the stock has faced downward pressure due to market sentiment regarding AI demand [3][7] - The company has been viewed as a key indicator of AI demand over the past three years [3] Market Concerns - Investors are worried about potential overspending on AI infrastructure by tech giants like Microsoft and Oracle, which could lead to excess data center capacity and debt if AI demand does not meet expectations [4] - Reports of Meta Platforms considering using Google's custom AI chips have raised concerns about Nvidia's market dominance [7][9] Competitive Landscape - Major tech companies, including Microsoft, Amazon, Alphabet, and Meta, are developing custom chips to reduce reliance on Nvidia [10] - Citi analysts project that custom chips will account for 45% of the AI accelerator market by 2028, up from an estimated 35% today [11] Investment Strategies - Nvidia has invested in several customers, including OpenAI and CoreWeave, which has drawn parallels to vendor financing during the Dotcom Bubble [5] - The company maintains that it is ahead of the industry, claiming to be the only platform capable of running every AI model [11]

Stefani Reynolds / Bloomberg via Getty Images Jensen Huang, CEO of Nvidia, during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC. Key Takeaways Nvidia shares have fallen since the company reported quarterly earnings last week that easily beat estimates. The stock has been hit by concerns that tech giants are overspending on artificial intelligence infrastructure. Reports that Meta is in talks to use Google's custom AI chips added to concerns that Nvidia's dominance in the market ...

BREAKING: Market Rallies Into Holiday Berkshire Hathaway Cl B Berkshire Hathaway Cl B BRKB $ 507.37 $0.57 0.1% 0% IBD Stock Analysis Rebounds off technical support to within 1% of 516.55 buy point. Composite Rating 86/99 Industry Group Ranking 24/197 Emerging Pattern Cup with Handle Cup with Handle A positive chart pattern named such because it resembles the outline of a coffee cup with a… Related news A rocky month for AI stocks spooked by fears of a bubble has triggered a shakeout among the hyperscalers. ...

Core Viewpoint - The discussion focuses on three major tech stocks: Alphabet, Nvidia, and Oracle, highlighting their recent performance, market dynamics, and investment potential amid a tech sell-off and AI competition. Group 1: Alphabet (Google) - Alphabet's stock is experiencing a sell-off despite recent highs, influenced by broader market conditions and potential Fed interest rate cuts, which have increased from a 35% to an 80% chance of a rate cut [2][3]. - The company's primary revenue driver remains ad revenue and search results, which have shown strong performance, alongside new developments in AI with the release of Gemini 3 and partnerships involving TPUs [4][5]. - Despite being at all-time highs, Alphabet's investments and free cash flow position it as a strong pick, with potential pullback opportunities for investors [6]. Group 2: Nvidia - Nvidia's shares are under pressure, down about 5%, but year-to-date, they are still up close to 30%. The competition with Alphabet's TPUs is noted, but Nvidia's software capabilities create a significant competitive moat [14][19]. - The technical analysis indicates a sideways trading range for Nvidia, with potential support around 165 and resistance near 185 to 188, suggesting a cautious outlook [21][26]. - The recent AI bubble discussions have contributed to Nvidia's volatility, but the overall demand for AI hardware remains strong, indicating a robust pipeline for the company [17][19]. Group 3: Oracle - Oracle's stock has been punished recently, down more than 30% in the last month, but it still shows a year-to-date increase of 17%. The company is viewed as having a clear path to profitability despite high upfront investments and debt [27][29]. - The structure of Oracle's financing, based on long-term contracts that provide predictable revenue streams, is highlighted as a positive factor, mitigating concerns about asset depreciation [31][32]. - The technical outlook for Oracle shows critical levels around 180 to 189 for potential support, with a need for a breakout to regain upward momentum [35][39].

Jensen Huang, the chief executive of Nvidia, dismissed suggestions of a bubble - Lisi Niesner/Reuters Nvidia has insisted it is not facing an Enron-style financial scandal, as the chipmaker hit back at short-sellers betting against an AI bubble. The world’s most valuable company has sought to ease market concerns by writing to analysts to contest claims by Michael Burry, the trader who predicted the 2008 housing crisis. In particular, Nvidia said it is not artificially inflating revenues, rejecting clai ...

Nvidia (NVDA) stock as much as 5% in early trading on Tuesday after a report that the AI chipmaker could soon see greater competition from its own customer, Google (GOOG, GOOGL). The Information reported Monday that Google is in talks with Meta (META) for the Facebook parent to spend billions of dollars to use its AI chips in data centers in 2027. This would represent a big change in Google’s current chip business, which see the tech giant rent access to its chips called TPUs (tensor processing units) to ...

While global tech stocks stumble on AI bubble worries and valuation anxiety, Alphabet stock (NASDAQ: GOOG) is charting a different course. The company's shares have soared 68% in 2025, mostly in recen... ...

Core Viewpoint - Concerns regarding an AI bubble may be unfounded, as Nvidia's strong earnings and growth potential suggest a robust future for the AI sector [1][5]. Company Performance - Nvidia reported a remarkable 62% revenue growth, reaching $57 billion in the third quarter, surprising analysts with its accelerated growth rate [6]. - Palantir also demonstrated strong performance with a 63% revenue growth in the same quarter, including a notable 77% growth in the U.S. market [6]. - Private AI start-ups like OpenAI and Anthropic are experiencing significant revenue increases, with Anthropic projecting a run-rate revenue of $9 billion this year and potential doubling or tripling by 2026 [7][8]. Market Dynamics - The transition from CPU to GPU accelerated computing is ongoing, favoring Nvidia as the market leader in GPUs, with substantial investments shifting towards GPU-based AI software [2]. - Despite Nvidia's strong results, the broader stock market showed volatility, indicating ongoing concerns about an AI bubble [4][11]. - The AI sector appears insulated from economic volatility, with companies having fewer employees and serving financially robust corporate clients [10]. Economic Context - Outside the AI sector, economic indicators are less favorable, with major retailers reporting consumer struggles and an "affordability crisis" [8][9]. - The housing market remains sluggish despite falling interest rates, and rising unemployment and persistent inflation contribute to economic challenges, particularly affecting younger consumers [9].