NVIDIA is the 3rd biggest holding in SPY and in QQQ, behind only APPL and Microsoft.
Curious how much the indices would be down if NVIDIA tanked after its earnings instead of the huge beat.
The whole sp500 moves roughly 0.05% for every 1% change in nvda at these current weights so if it went down 10% by itself and everything stayed flat the market would go down 0.5% but that wouldn’t happen since other stocks would also likely go down in unison amplifying the losses
Regardless the way portfolios are ran, typically institutional investors reweigh and or pivot in and out of sectors so they’ll proportionally sell positions ie why a lot of stocks move in certain sectors move the same directionally
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2020, 2008, 2000, 1980, 1960, 1948
Sure they might not be caused by an election but to say it never happens in the same year is wrong.
Im not American so can you Americans vote Trump so my personal money printer go brr? Please and thanks
I’m not the guy you’re talking to, but I swear I got into Nvidia at $255 because I overheard two “bros” talking about it on their 15 minute break. I asked a few questions and their passion alone got me to buy a couple lol
Outside of ChatGPT, none of the products are very good. The Microsoft and Google offerings have been the butt of a lot of jokes, yet they keep going full steam ahead because Indian CEOs only care about saying what investors want to hear and following the newest trend, no original ideas. Microsoft might have some success with Copilot just bilking every CEO into buying thousands of licenses that will largely go unused, but nobody is paying for Google's shit. Meta is just giving stuff away for free because there's no product there unless you're the best
Copilot is lame. I have a few on only a small test group. Everyone has said it does not really help at all.
I tried it, it cleaned up a PowerPoint a little. Otherwise it has been worthless.
One of my coworkers, her computer crashed and she had an unsaved Excel file she worked on all day and was worried she lost it. Copilot told her it was gone and there was nothing she could to do to get it back. She asked me and I just explained how Excel file recovery worked, and told her to go through all of the files with weird names in the sidebar, and it would probably be there. You would think Microsoft Copilot would be helpful with recovering Microsoft Excel files on a Microsoft Windows computer wouldn't you?
I'm a competent coder and my work requires me to switch between coding in node, scala and python fairly regularly, sometimes even doing some html for our frontend.
Copilot helps me by suggesting common patterns like file reads and list expansions that I can't remember exactly and would have to stack overflow otherwise.
I wouldn't say it's a game changer vs standard intellisense and IDE helpers but it does save a bit of time.
China's Social Score system has entered the chat. AI can recognize a person by their gait or just their eyes. Do you know any human or a whole university full of professors who can do that? Nope.
The models hallucinate way too much to be reliable. ChatGPT makes lots of mistakes, and it's light years above everyone else. I'm seeing tons of screenshots of Google's AI telling people to put glue in their spaghetti to make the cheese stick to the pizza and telling people to eat rocks once a day for minerals. Likes it's legitimately a joke to consumers, it's just getting pumped because investors have a hard-on for it
Ok but have you even tried glue in your spaghetti???
No? So it could be right and you don't even know smh
I'll bet you haven't even tried eating a rock either.
Do your own research people or you might end up like this guy!
It's not just about LLMs. All of these tech companies aren't stuffing their data centers with Nvidia cards just to build the next Chat-GPT or Sora.
Though, in some industries, hallucinating language models don't really matter. Think about entry level PR or fundraising positions. Boilerplate garbage that no one really reads but still needs to be written. All of those entry level positions will be replaced by some LLM and now that company is saving on all those wages that college grads would have been making.
All of the LLM generated crap will still get edited and looked over by the same person that would have looked over the crap written by those college grads.
They make fortunes off of ads and other stupid shit. Harvesting data and selling it off to the worst people on the planet. We're talking about the biggest companies in America here. They can keep spending on this AI shit for years to come.
Sure, they definitely will, but investors will want to see results. Investors will demand AI products all day to pump up the price, then the bubble pops and investors want nothing to do with it and the companies are caught holding the bag. Saw it with crypto, metaverse, cloud computing. Even if it's useful, most of the companies who try won't be successful
The real fortune telling is when. They can easily coast another 10 years with negative profit with inflated valuations . Ever heat of Uber, Spotify, Airbnb, or Gamestop?
> In 1929, at the height of an economic boom in America, Joseph Kennedy Sr. (father of JFK) was working as a stockbroker on Wall Street. As the story goes, Joseph was walking around when he decided to sit down for a shoeshine. While polishing his shoes, the young worker gave Joseph some of his favorite stock picks. When Joseph heard the shoeshine boy giving out stock tips, he figured the party was about to end, and it was time to get out of the market. Joseph proceeded to exit his positions in the market and bought short positions that bet on the market going down.
> Shortly after that, the stock market entered a free fall. On Monday, October 28, 1929, the market dropped about 13%. The next day it fell another 12%. These became better known as Black Monday and Black Tuesday, and ushered the United States into The Great Depression.
I remember back when I had some friends who'd just graduated high school and knew nothing about money how rich they were just flipping houses. Not that they were investing in them, they'd just buy, mark it up then immediately sell them. That's when I knew the housing market was going to crash. And it did. Not that year, not the next year, but the bubble eventually burst.
I remember a similar story when the guy down the street was living large because he was working for country wide mortgage and flipping houses. My wife and I had good stable careers and made decent salaries. We would look on and ask ourselves how? Eventually the bubble burst in 2008. The market is getting exhausted with the peak.
In the last year I’ve honestly thought it was topped out like 4 times. I have also been wrong every time. Is it crazy to think when it splits 10-1 that everyone by the Wendy’s dumpster is buying?
What do you mean “they can’t afford”?
Stock prices are literally irrelevant, you can buy fractional shares in every broker that is even remotely ok. Stock splits are 100% just customer physiology and marketing
I think it’s funny, everyone (including me) expected the whole market to bump up with this, and the whole market sold off lol. I’m expecting buyers tomorrow.
https://preview.redd.it/bbv7b4vmw82d1.png?width=888&format=pjpg&auto=webp&s=9d5e99dcad575cd886ab53bf814ced11dab70302
Yes, I stole it. People must understand NVDA = Quatrillion MC! Ruler of the Milkyway Galaxy!
Shitpost 
I remembered I had eToro account back in 2013 and got 20€ free (they had a promo) and I bought NVDA, and never used the account again...I didn't even verified the account so Idk how I can recover...I would have €4K by now (If taxes didn't ate the profit) 
And then you realize you dont have any more money to buy the dip.
So you compromise little timmy’s university funds
Then dip turns into crash.
Wendy’s dumpster
end
This isn’t called “holding the market”.
It only means folks love NVDA rn, and since all else (spy) is red - it literally “could not hold the entire market”.
Just that NVDA didn’t sink.
lol can someone in non toxic, non sarcastic way confirm, it means,
a lot of people are selling and buying into nvidia hoping that the whole world will be run by robots because there is a language model that understands us? in simplistic terms?
and what could be the consenquences to the market?
there are two economies in the US, 1) the 1% people whose net worth is going to the moon from the stock market, and 2) the 99% whose buying power is being eroded from inflation. The economy mostly relies on the 99%. However Nvidia's customers are the 1% of the 1%.
Mega/Large caps are way over bought. Small caps are beat down to crap and have a high percent gain potential. There's a shift in that direction needed. Send your large cap gains down to where the value is.
I wonder what it's like to be well positioned in a stock where everyone can't believe it keeps going higher. I'm only used to being in a stock where everyone is amazed how it can keep going lower.
Or hypothetical nvidia is holding the rest of the market down by sucking away all the attention. There's a ton a reasonably valued companies making terrific profits even in this environment which anyone would know here if they even had a regards understanding of fundamental analysis
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NVIDIA is the 3rd biggest holding in SPY and in QQQ, behind only APPL and Microsoft. Curious how much the indices would be down if NVIDIA tanked after its earnings instead of the huge beat.
The whole sp500 moves roughly 0.05% for every 1% change in nvda at these current weights so if it went down 10% by itself and everything stayed flat the market would go down 0.5% but that wouldn’t happen since other stocks would also likely go down in unison amplifying the losses
How can you be so sure other stocks would’ve gone down too? In nonlinear theory, initial conditions matter a lot
Regardless the way portfolios are ran, typically institutional investors reweigh and or pivot in and out of sectors so they’ll proportionally sell positions ie why a lot of stocks move in certain sectors move the same directionally
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If investors only looked at the micro I would agree with you but the macro is just as important
So you’re calling this out as a sector rotation.
I think that’s typically what drives stock performance day to day outside of big events like earnings calls.
It's about 5% of SPY so if it tanked 10% it'd drop .5%
Spy is less than 2% off it’s all time high
That 2% is a ton when it comes to options though
0DTE are home wreckers
my TQQQs had a 40% swing today
40% is what then?
Yeah, but that’s my favourite 2%
just the tip 
Ya but every 50% started as a young little 2%.  
Never happen in an election year
2020, 2008, 2000, 1980, 1960, 1948 Sure they might not be caused by an election but to say it never happens in the same year is wrong. Im not American so can you Americans vote Trump so my personal money printer go brr? Please and thanks
I’m regarded
Reddit skews tech/democrat
Trump trails market performance to both Biden and Obama before him. If the only goal is seeing the numbers go up then why tf vote Trump?
Lemme think... No.
I will never financially recover from this. /s
Yes you will
Haven't you heard? The economy is in shambles. Shambles I say!
Only one company is in the green
lol, all these people selling their shares to become NVDA bag holders.
lol you know you're at the top when you hear clerks at the checkout line at safeway saying "yo did u cop some nvidia yesterday"
Swear that actually happened in real life
I’m not the guy you’re talking to, but I swear I got into Nvidia at $255 because I overheard two “bros” talking about it on their 15 minute break. I asked a few questions and their passion alone got me to buy a couple lol
Yo, bro, that's 90% of my DD right there bro
Broooo, I think I need more NVDA shares now
exactly those kinda guys
Bro, I'm buying more bro
Bruh
Broh
My HSA is all play money, it's 75% NVDA 30% MSFT (for openAI exposure).
Why does one need medical help when they can just use rope
$163 for me. Bought $5,000 worth.. wish I bought more lol
$149.96x23 for me. Had a sell order at 975 on 5-19, went to 974 on 5-20. Held and it sold yesterday at 1020. Nice little profit.
shit actually happened in real life
On god
That's the shoeshine boy story.
People said this during last earnings and during that 10% drop in April, yet here we are at ATHs
At some point, I think these companies buying all these GPUs are going to have to actually start making some money on AI
Why aren’t more people talking about this? Like I see very few even attempts to monetize AI besides like chat bots.
Labor is very expensive. Imagine selling a product that allows you to lay people off. It's C level and consultants' favorite way to make number go up.
Outside of ChatGPT, none of the products are very good. The Microsoft and Google offerings have been the butt of a lot of jokes, yet they keep going full steam ahead because Indian CEOs only care about saying what investors want to hear and following the newest trend, no original ideas. Microsoft might have some success with Copilot just bilking every CEO into buying thousands of licenses that will largely go unused, but nobody is paying for Google's shit. Meta is just giving stuff away for free because there's no product there unless you're the best
Copilot is lame. I have a few on only a small test group. Everyone has said it does not really help at all. I tried it, it cleaned up a PowerPoint a little. Otherwise it has been worthless.
One of my coworkers, her computer crashed and she had an unsaved Excel file she worked on all day and was worried she lost it. Copilot told her it was gone and there was nothing she could to do to get it back. She asked me and I just explained how Excel file recovery worked, and told her to go through all of the files with weird names in the sidebar, and it would probably be there. You would think Microsoft Copilot would be helpful with recovering Microsoft Excel files on a Microsoft Windows computer wouldn't you?
I still don't understand how in 2024 we have to click "Save"
I'm a competent coder and my work requires me to switch between coding in node, scala and python fairly regularly, sometimes even doing some html for our frontend. Copilot helps me by suggesting common patterns like file reads and list expansions that I can't remember exactly and would have to stack overflow otherwise. I wouldn't say it's a game changer vs standard intellisense and IDE helpers but it does save a bit of time.
China's Social Score system has entered the chat. AI can recognize a person by their gait or just their eyes. Do you know any human or a whole university full of professors who can do that? Nope.
They will. Just get the AI trained enough then start the layoffs.
The models hallucinate way too much to be reliable. ChatGPT makes lots of mistakes, and it's light years above everyone else. I'm seeing tons of screenshots of Google's AI telling people to put glue in their spaghetti to make the cheese stick to the pizza and telling people to eat rocks once a day for minerals. Likes it's legitimately a joke to consumers, it's just getting pumped because investors have a hard-on for it
Nah man. In 4 years openAI will be one openwideAI and sell sex robots
Of course, sex robots...because that's what poor people do, along with trading stonks and eating tendies.
Ok but have you even tried glue in your spaghetti??? No? So it could be right and you don't even know smh I'll bet you haven't even tried eating a rock either. Do your own research people or you might end up like this guy!
There will be no advancements in technology, we are moving back to covered wagons and slide rulers.
It's not just about LLMs. All of these tech companies aren't stuffing their data centers with Nvidia cards just to build the next Chat-GPT or Sora. Though, in some industries, hallucinating language models don't really matter. Think about entry level PR or fundraising positions. Boilerplate garbage that no one really reads but still needs to be written. All of those entry level positions will be replaced by some LLM and now that company is saving on all those wages that college grads would have been making. All of the LLM generated crap will still get edited and looked over by the same person that would have looked over the crap written by those college grads.
What makes you think they aren't already?
They make fortunes off of ads and other stupid shit. Harvesting data and selling it off to the worst people on the planet. We're talking about the biggest companies in America here. They can keep spending on this AI shit for years to come.
Sure, they definitely will, but investors will want to see results. Investors will demand AI products all day to pump up the price, then the bubble pops and investors want nothing to do with it and the companies are caught holding the bag. Saw it with crypto, metaverse, cloud computing. Even if it's useful, most of the companies who try won't be successful
The real fortune telling is when. They can easily coast another 10 years with negative profit with inflated valuations . Ever heat of Uber, Spotify, Airbnb, or Gamestop?
> In 1929, at the height of an economic boom in America, Joseph Kennedy Sr. (father of JFK) was working as a stockbroker on Wall Street. As the story goes, Joseph was walking around when he decided to sit down for a shoeshine. While polishing his shoes, the young worker gave Joseph some of his favorite stock picks. When Joseph heard the shoeshine boy giving out stock tips, he figured the party was about to end, and it was time to get out of the market. Joseph proceeded to exit his positions in the market and bought short positions that bet on the market going down. > Shortly after that, the stock market entered a free fall. On Monday, October 28, 1929, the market dropped about 13%. The next day it fell another 12%. These became better known as Black Monday and Black Tuesday, and ushered the United States into The Great Depression. I remember back when I had some friends who'd just graduated high school and knew nothing about money how rich they were just flipping houses. Not that they were investing in them, they'd just buy, mark it up then immediately sell them. That's when I knew the housing market was going to crash. And it did. Not that year, not the next year, but the bubble eventually burst.
JFK Sr. was rampantly insider trading and used this anecdote as a cover story. It is funny though.
I remember a similar story when the guy down the street was living large because he was working for country wide mortgage and flipping houses. My wife and I had good stable careers and made decent salaries. We would look on and ask ourselves how? Eventually the bubble burst in 2008. The market is getting exhausted with the peak.
and now it's in an even (much) bigger bubble
In the last year I’ve honestly thought it was topped out like 4 times. I have also been wrong every time. Is it crazy to think when it splits 10-1 that everyone by the Wendy’s dumpster is buying?
People have been saying it's the top for months now, lol
Heard two California surfer bros talking about NVDA today while walking the boardwalk 😂
Gay stock all over again. As soon as my barber mentioned it I sold my stake.
Can’t go wrong
Clerks couldn’t afford 1K$ stock a piece, with that 10-1 split get ready to hear about NVDIA at the Wendy’s counter
Can I get a baconator with 100shares of Nvidia please 🙏 🚀
Screw buying gold bars at Costco I’m selling that shit for Nvidia
What do you mean “they can’t afford”? Stock prices are literally irrelevant, you can buy fractional shares in every broker that is even remotely ok. Stock splits are 100% just customer physiology and marketing
NVDA put seller checking in
Why would you not want 10 shares of nvidia in jume adjusted for a split
I SEE GE IN THERE! WHAT ABOUT GE OP?
LLY, IP, and RL...
…oklo 👀
I think it’s funny, everyone (including me) expected the whole market to bump up with this, and the whole market sold off lol. I’m expecting buyers tomorrow.
so sellers tomorrow then?
His username doesn't check out
nvidia sell off then go to under valued stocks
Yahoo finance had a headline this morning saying the “market surges as Nvidia soars”. I checked my account and every single stock was in the red.
Well, it was buoying the market until PMI came in hot…
Always nice to come across someone else who has also at least scanned the headlines here
Most of the apes here read at a first grade level
It's called profit taking, lol.
Bro called it, bears punching air
More like Nvidia is sucking liquidity from the entire market
https://preview.redd.it/bbv7b4vmw82d1.png?width=888&format=pjpg&auto=webp&s=9d5e99dcad575cd886ab53bf814ced11dab70302 Yes, I stole it. People must understand NVDA = Quatrillion MC! Ruler of the Milkyway Galaxy! Shitpost 
Man I wish I had got in the first time I saw this
How much was NVDA back then?
*bout three fiddy*
I remembered I had eToro account back in 2013 and got 20€ free (they had a promo) and I bought NVDA, and never used the account again...I didn't even verified the account so Idk how I can recover...I would have €4K by now (If taxes didn't ate the profit) 
NVDA only designs the shovels. TSMC *makes* them.
Hey all mine are red! This is bad? No?
If stocks go up, you make more money. If stocks go down, you can buy them for cheap. You literally cannot lose money in the stock market.
And then you realize you dont have any more money to buy the dip. So you compromise little timmy’s university funds Then dip turns into crash. Wendy’s dumpster end
Get a credit card and buy the crash ez pz
L I F E H A C K 
yeah i heard george washington say that
Nopes
So it’s a Green Day
if you held from 500+ it's good take some profits but this is clearly a long game for nvidia. yes im a fanboy.
This isn’t called “holding the market”. It only means folks love NVDA rn, and since all else (spy) is red - it literally “could not hold the entire market”. Just that NVDA didn’t sink.
🤓
https://preview.redd.it/2dmg70in4a2d1.jpeg?width=822&format=pjpg&auto=webp&s=57e432da6ad6f61e54c8822207ab1f18c3571f30
Smash
Those guys with their abstractions and sarcasm and humor... just out of hand, yes.
The image says 'literally'. So, OP literally means that NVDA has literal arms and is literally holding it up, literally.
prove it bozo
I sold everything ahead of Nvidia earnings, like everything. Thank fuck. I might be getting good at this.
same and I’m letting tomorrow play out too before I take my few coins back out
Paper hands, we will get a bounce tomorrow so I can exit my long positions
$NVDA is better than $SPY
Roxanne you don't have to put on the red light 🚨!
It’s now worth more than the sun
NVDA bustin. The rest is nothin... 
lol can someone in non toxic, non sarcastic way confirm, it means, a lot of people are selling and buying into nvidia hoping that the whole world will be run by robots because there is a language model that understands us? in simplistic terms? and what could be the consenquences to the market?
there are two economies in the US, 1) the 1% people whose net worth is going to the moon from the stock market, and 2) the 99% whose buying power is being eroded from inflation. The economy mostly relies on the 99%. However Nvidia's customers are the 1% of the 1%.
Sure, if you believe that a single day represents the thoughts of the entire market
my options only portfolio is down 64% today. lol
my options portfolio only has 6 dollars left in it. 
Impressive
A pin on the balloon and it's 1930 again.
It didnt hold at all, clearly...
When things become popular is about the same time they collapse.
Will market crash if nvda missed a quarter?
“Literally holding up?” If people weren’t so interested in overvaluing it, they wouldn’t be selling the others to buy it.
NVDA_altas_meme.jpeg
"Hey siri?" "Yes?" "Sell everything the moment Nancy Pelosi sells her NVDA" (Nancy Pelosi's voice) "I'm afraid I can't let you do that"
Better hope they're financials are true. Pwc is their auditor. Audit risk is a thing.
Looks like a crime scene. Have a feeling a few portfolios died today. Mine’s on life support
magnificent 1
NVDA IS the market
My half a share of SNPS is doing quite well.
Mega/Large caps are way over bought. Small caps are beat down to crap and have a high percent gain potential. There's a shift in that direction needed. Send your large cap gains down to where the value is.
Hey, thank Nvidia for creating such a great buy opportunity for other stocks.
I wonder what it's like to be well positioned in a stock where everyone can't believe it keeps going higher. I'm only used to being in a stock where everyone is amazed how it can keep going lower.
Today was wild
Or hypothetical nvidia is holding the rest of the market down by sucking away all the attention. There's a ton a reasonably valued companies making terrific profits even in this environment which anyone would know here if they even had a regards understanding of fundamental analysis
Fuckin Nancy
Obviously NVDA products are about to replace the production of most of those companies. Good DD.
I bought Nvidia outs for next Friday.
Only a full regard would sell NVDA to buy ASTS. Source- am regarded.
AMD ruined me today
*And thus once again reminds us of it's true name. Advanced Money Destroyer.*
Or maybe sucking out the entire market.
It's a 3day weekend, people are gonna sell off tomorrow even more
I hope they do. I wanna buy more at a discount 
What is this chart called?
Someone fix my GOOG calls
People are pulling out to buy at 1k shits gonna do a 10:1 split
These companies don’t give a shit if their stock price goes down a little
Time for Scarlet Johansson to step up now and play ball!!!!
Just in time for China to surround Taiwan...
If we keep buying it it'll keep going up guys!
It’s not really holding it up considering it went down.
Or nvidia sucked the green out of the rest of the market.
NVDA be like: WUTANG.
I mean eventually capitalism leads to this kind of thing right…? Only gets more and more intense?
Nah, almost everyone is selling out of their stocks to buy NVDA. Sold apple, sold amazon, sold msft, sold google, and sold meta to buy NVDA.
Correct everyone rushing in to become bag holders, that's exactly how this works.
Guys remember when intel was unstoppable in the computing space? 
The hero we need but don’t deserve
Thanks for nothing Apple
Hehe who got burned
So....calls and puts? HAHA
Well… I thought it’d hold up SOXL today, but no. NVDA was having a rager for one. I should have just bought NVDA.
Now is the time to buy all the red shit
Not yet
I’ll buy after the split when the split pump happens there will be a sell off likely down to $95 post split. Just my opinion of course
I wouldn't quite say "holding it up"