Imagine showing someone this headline last Saturday.
I have a theory that everything just keeps getting crazier, that things that seemed like "oh no way this was as crazy as it's ever gonna get" look small.
The last bubble popped with the whole FTX thing, which seemed INSANE, but is small potatoes next to the CEO and founder of the 2nd largest company in the world, one that got hit in the FTX thing, too, because crypto miners were big GPU buyers, this guy who was grinding away on this thing for decades only for GPUs to finally really really matter and make possible the technology that people seem to think will either kill us or propel us into a state of everlasting abundance, this guy who seemed like an adult in the room and just a good, intense, work-focused guy, getting caught cheating with both an (alleged) Chinese spy and a direct report, and potentially popping a much bigger one, the WEEK before the IPO of the biggest frontier lab.
NVDA is down 13% as I write this. It's shed over $1T over this affair.
You think this is as crazy as it will ever get. It will, somehow, get crazier.