G

[G @Goodly2016]

@softmaxedx @LIkingsmna @aleabitoreddit Who are you talking about?

[G @Goodly2016]

@Kevin_stocktips @aleabitoreddit very good question

[G @Goodly2016]

@aleabitoreddit it might be relevant to this

[G @Goodly2016]

@aleabitoreddit Entire photonics industry and QQQ are all up and still sivers can't stop losing 😢

[G @Goodly2016]

@aleabitoreddit we cant blame the market anymore man... why is this happening?

[G @Goodly2016]

@aleabitoreddit Wait so which memory stock is serenity most bullish in?

[G @Goodly2016]

@gabefletcher @kimmonismus You do realize that gap is saying sonnet is more expensive per task than opus right? 😂

[G @Goodly2016]

@aleabitoreddit First car industry, now AI. US needs to lock in

[G @Goodly2016]

@Matrix_B0SS Thank you friend but aren't you worried that this is only the tip of the iceberg. I mean markets are literally barely down... What happens if this continues?

[G @Goodly2016]

@beauty_oe @aleabitoreddit I hope you're right, but has the market really gotten that much worse? This is only a 4-5% drawdown from peak in qqq. If you look at most AI names they're still doing pretty good relatively. That's probably my main concern

[G @Goodly2016]

@aleabitoreddit Out of curiosity, did you address those debated topics?

[G @Goodly2016]

@insanelycat @aleabitoreddit That's what concerns me too

[G @Goodly2016]

@KyureiZage @88magalhaes @aleabitoreddit See that's what im trying to avoid. We can baghold sure but when do we abandon thesis? Isn't it better to sometimes cut our losses and move on? Is bagholding falling knives really a smart idea?

[G @Goodly2016]

@endz_on_x @aleabitoreddit It's true. But a lot of small caps share that kind of performance YTD (after all qqq is up 17%) and they aren't down like this? And what about people who didn't enter at those prices? My question is why these stocks got hit as hard as they did

[G @Goodly2016]

@aleabitoreddit Can we really trust anything this guy says?

[G @Goodly2016]

@ren_stocks I do agree with you though. AVs, robots, edge devices and factories absolutely create new compute demand. My pushback is timing and economics. Internet traffic also exploded after 2000, but Cisco/JDSU/Sun still got crushed cuz capacity, margins were too far ahead of monetization

[G @Goodly2016]

@ren_stocks But couldn't you have said the same in 2000? Internet usage exploded after 2000-- but, that did not save every fiber company, server company, or telecom stock. Bandwidth prices collapsed. Hosting got cheaper. Servers got cheaper. Good for adoption, bad for companies incl.hardware

[G @Goodly2016]

@ren_stocks Smaller Models Get Better (China’s Models Catch Up) -> Models Become Cheaper to Use -> less need for expensive hardware. And if this becomes the norm, on top of interest rate hikes, could be a very deadly combo...

[G @Goodly2016]

@ren_stocks Thing is, AI runs on weaker/cheaper hardware over time. Ex. GPT-3.5-level inference cost fell from $20/m tokens to $0.07 in about 18 months. Also in 2000, the internet and demand was real, but investors overpaid companies+infrastructure thinking scarcity/pricing power would last.