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Posted on 11/20/2025 1:54:16 PM PST by E. Pluribus Unum
It is a time of superlatives in the tech industry, with historic profits, stock prices and deal prices. It’s enough to make some people very nervous.
It would not be a stretch to describe this period of hyperactive growth in the tech industry as a historic moment.
Nvidia, which makes computer chips that are essential to building artificial intelligence, said on Wednesday that its quarterly profit jumped to nearly $32 billion, up 65 percent from a year ago and 245 percent from the year before that.
Just three weeks ago, Nvidia became the first publicly traded company to be worth $5 trillion. Microsoft, Google, Apple and Amazon are also now valued in the trillions. In their most recent quarters, the four companies reported more than $110 billion in combined profits.
“There’s been a lot of talk about an A.I. bubble,” said Jensen Huang, Nvidia’s chief executive, after his company’s blowout quarterly report. “From our vantage point, we see something very different.”
But some industry insiders say there is something ominous lurking behind all this bubbly news. They look at the same eye-popping growth and the same stunning wealth creation as Mr. Huang and see a house of cards. And they say it is hard to know what the damage will be if it collapses.
Even Nvidia’s growth can be explained away. Demand for the company’s chips doesn’t mean people want to use A.I. It merely means that companies are building giant A.I. systems in hopes someone will pay to use them. The Nvidia-led rally on Wall Street lasted only a few hours, after all, and the company’s share price was down about 3 percent at the end of trading on Thursday. A sharp reversal in tech stocks pulled the whole market lower, with the S&P 500 dropping 1.6 percent for the day.
(Excerpt) Read more at nytimes.com ...
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how will the Fed’s dual mandate actually function when unemployment keeps going up regardless of lowering interest rates?
in the age of artificial labor, lowering rates will not signal labor expansion
We didn’t have fiat currency in the industrial revolution, but it would of created big issues
‘pie in the sky’ articles wouldnt be a bad sign would it?
More like SkyNet articles.
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