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So, yeah, I stopped fighting semis last week. Jensen Huang and his co-conspirator Sam Altman have completely conned people into thinking AI is going to be the be-all and end-all, so the market is NEVER going to let NVDA fall (until it gets destroyed in a multi-trillion dollar wipeout………….but not yet).
I’d wager that Chinese nationals buying up these cities is a big part of the reason.
Maybe because this sector is utterly doomed?
Want to work in Palo Alto and buy a basic middle-class house to raise a family? You need about a million dollars in cash for your down payment. The house next door to me just sold for $18 million. Back in the 1970s, it sold for $230,000. We are going to wind up in a nation of renters.
One of my beloved children is spending the summer in Manhattan, so I can vouch for this.
