When all is said and done, those employees that have made and continue to make VMware by Broadcom successful in spite of itself will eventually get canned , and the shareholders will make huge profits considering the change necessary optimization. That's business folks.
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Post from TheLayoff.com
But.. what is zero divided by zero? :). (if the revenue goes to zero, that will be a most glorious day and I wake up every morning trying to help customers migrate off the platform as quickly as possible)
Buffet just announced that he dumped APPL and BOA positions. He has amassed 200 Billion in cash position. Fortunately for the sukkers when they liquidate their stocks and real estate, someone will be there to buy them up. The sukkers can keep their Teslas and live in them.
No tech bubble to see here, all is well, all is well.
Why did the NVDA market cap go down 600 billion from peak on seemingly no news and heavy insider selling? Looks like for every question the answer from the sukkers is that it is not a bubble. The sukkers will be left holding the bag while insiders cash out. The sukkers are down more than 20% from peak which is a severe correction.
The same sukkers are upside down on their EVs after Musk slashed prices of these batteries on wheels.
The same sukkers are upside down on all their great real estate investments in Austin and Denver and Nashville. Those real estate markets are down 30% already.
Same time next year the sukkers will be without a job, down on RSUs, down on 401k, homeless and bankrupt on their real estate empires and without a car. Its going to get ugly.
The market is just waking up to the fact that the recession started last year.
NVDA went down $600 billion in market cap on what basis?
As in the market cap value went down $600 billion móron.
https://ycharts.com/companies/NVDA/market_cap
NVDA already crashed 3 times recently. First was the Pandemic gaming bubble crash. Then Crypto crash. Then AR/VR Metaverse crash. Now they have the AI bubble crash. NVDA and AVGO will go down 90% from peak. NVDA peak 135. Bottom will 13.5. AVGO peak is 145. Bottom will be 14.5.
NVDA went down $600 billion in market cap on what basis? There are still 4 weeks before they even report earnings this quarter. The yen carry trade is reversing because BOJ is hiking rates now. People borrow in yen at zero or negative interest rates and buy NVDA. That has been going strong for a year. Now that is reversing. SOXX and SMH are already down more than 20%. This crash is just getting started.
Nvidia market cap was $3.3 trillion recently, now is $2.7 trillion. So $600 billion of volatility is equal to about 2x the market cap of all German car manufacturers.
Imagine a world without generative AI - like 2 years ago - now imagine a world without German cars.
No tech bubble to see here, all is well, all is well.
All expensive mo--ns I know are now working in Intel - folks who were fired due to incompetency
Either that or they can go back to taking DEI money from Blackrock and Vanguard like they were before under Raghu. They can sell unicorns and rainbows and call you a racist if you question their new business model!
But if you persist ... they just might set their alphabet pi-ps on you to squeeze you a little.
Only Sr. Dir and DEs will remain. Everyone else will work for Indian Offshoring companies and work for VMware by Broadcom. Ultimately the number of employees will be zero and the revenue per employee will be infinity.
NVDA stock moved 15 dollars up yesterday and 15 dollars down today. Each dollar is 25 Billion in market cap. So, the moves were 357 Billion in each direction. The entire market cap of Cisco was 500 Billion in the 2000 peak. That gives you the scale of the current bubble. NVDA is trading like a penny stock. AVGO is a small puppy in front of the big cahoona NVDA. Amazon is getting hammered today after decent earnings. Same thing for Google last week. There is no more mercy for the Mag7.
Right on!!!
Remember the Broadcom Software business model was perfected with the CA and Symantec acquisitions. The headcount cuts continue until the decline of customer support impacts revenue. Meanwhile, prices will continue to rise until customer attrition reaches the peak. Then the business model shifts to a stable maintenance mode to harvest maximum profit.
The legacy products and services don't matter anymore. It's all about financial metrics.
Stock will fall. It is a meme stock. Don't take it seriously. Sell it when it is high. May reach in the neighborhood of $80 in coming months and Hockey T will be ready to acquire another company in valley.
This is the way…