Core Viewpoint - The article criticizes NVIDIA for product quality issues, poor sales strategies, and monopolistic practices, leading to widespread dissatisfaction among consumers and industry observers [1][4][47]. Product Quality Issues - NVIDIA's new 50 series graphics cards have been plagued by significant quality defects, including the infamous burning connector issue with the 5090 model, which was previously claimed to be resolved [10][12][14]. - Another notable defect involves the missing ROPs (Raster Operations Pipelines) in models like the 5090, which resulted in performance drops of up to 5.6% compared to the founder's edition [16][22][24]. - Users have reported driver issues that rendered graphics cards unusable, with NVIDIA acknowledging the problems but failing to provide a clear resolution timeline [25][28]. Sales Strategy Concerns - The article highlights NVIDIA's limited inventory at launch, with the 5090 having only single-digit units available, leading to scalpers driving up prices significantly [28][30]. - Reports indicate that the 5090 was listed at $3,359.99 on platforms like NewEgg, far exceeding the manufacturer's suggested retail price of $1,999 [32]. - The bundling of graphics cards with other products to inflate prices is criticized, as NVIDIA's focus has shifted towards data center revenues, which now account for nearly 80% of its income [34][35]. Monopolistic Practices - The article discusses NVIDIA's attempts to manipulate media and review platforms, citing incidents where the company pressured reviewers to alter their evaluation criteria or risk losing access to products [37][40]. - The monopolistic position of NVIDIA in the GPU market is emphasized, with over 90% of the PC market utilizing NVIDIA technology, leading to a lack of competition and consumer choice [48][50].

Group 1: Economic Overview - Developed countries are facing an "economic curse," with Japan's GDP stagnating for 30 years, Germany's industrial sector struggling, and France experiencing rising unemployment and protests. In contrast, the US GDP is projected to soar to $29.2 trillion in 2024, surpassing the combined GDP of Germany, Japan, and France [1] Group 2: Dollar Dominance - The US benefits from dollar hegemony, allowing it to receive foreign capital effortlessly. In 2024, the Federal Reserve's interest rate is expected to reach 5.5%, leading to a capital influx of $2.1 trillion from global investors. Approximately 80% of global trade is conducted in dollars, making other countries effectively subsidize the US economy [3][5] - Japan has suffered significantly, with the yen depreciating by 30% this year, resulting in a GDP shrinkage to $4.1 trillion when calculated in dollars [3] Group 3: Technological Superiority - The US technology sector, led by seven major companies, has significantly boosted the economy. The market capitalization of these companies surged by 54% last year, equivalent to recreating three Japanese stock markets. The US is also doubling its chip production capacity in three years, enhancing its control over global AI technology [5][9] - Notably, Apple's market value reached $3 trillion, surpassing Russia's entire GDP, showcasing the immense profitability of the US tech industry [5] Group 4: Consumer Spending - American consumer spending constitutes 70% of GDP, with $3.3 trillion spent in the last quarter alone. Credit card debt has exceeded $1.3 trillion, driven by a "wealth illusion" from rising housing prices and stock market gains [7] - The US government has injected $5 trillion into the economy during the pandemic, supporting 40 million low-income individuals with food vouchers, which has stimulated consumer spending [7] Group 5: Policy Strategies - The US government employs a dual strategy of monetary tightening and fiscal stimulus, with a $1.7 trillion deficit to stimulate the market. Significant subsidies have been allocated to the semiconductor industry, compelling foreign companies to share technology with US firms [9][10] - This approach has created challenges for European allies, as they must comply with US regulations to receive subsidies, impacting their own industries [10] Group 6: Long-term Concerns - Despite current economic success, the US faces a looming debt crisis with $36 trillion in national debt. Interest payments on this debt consumed 14% of federal spending last year, raising concerns about the sustainability of this economic model [12] - The reliability of the US economy is contingent on the continued acceptance of the dollar globally, with potential shifts towards alternative currencies posing risks to its economic dominance [12]

英伟达股价下跌，因为业绩预期超得不够多 去年二季度是英伟达业绩因为人工智能需求而爆发的开始，营收翻倍，净利润增长超 8 倍。即使同比基 数这么高，英伟达这次营收和利润依旧分别增长了 122% 和 168%。 只是很多投资者觉得还不够好。英伟达已经连续一年业绩远超预期，之前两次发财报后分别涨了 16.4% 和 9.3%。随着市值一起被拔高的还有投资者预期，这一次公司业绩没好到完美程度，加上管理层对关键 问题的回应略显平淡，股价盘后罕见大跌。 华为半年收入增长千亿元，增量从哪来？ 中公教育盈利，考公培训收入占比再次过半 奈雪茶饮烘焙收入下滑，上海门店利润率跌至 1.4% TikTok 算法推荐惹祸，美国法院判定平台需担责 关注《晚点财经》并设为星标，第一时间获取每日商业精华。 英伟达股价下跌，因为业绩预期超得不够多 怎么看英伟达最近一季的业绩都很好，收入、利润、毛利率、下季度指引，全都超出市场一致预期。 市场现在主要关心两件事：新品延期、客户的资本回报率。 黄仁勋确认下一代旗舰芯片 Blackwell 因生产问题而延期。好在影响良率的掩膜已更换完毕，四季度将 开始发货给客户，带来数十亿美元收入，产能恢复需要几周至 ...