ForsythSnow
Moderator
Tech stocks are absolutely taking today. NASDAQ now down 5%
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Misc Stock Market
- Thread starter ForsythSnow
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The tech tanking is especially strong for those most connected to AI like NVDA
Geez, this is like Liberation Day again.
broken025
Member
Help
I'm glad I don't have too much invested in tech stocks in my IRA portfolio. They are too volatile for my taste. I am not a big risk taker when it comes to investments.
Market throwing a lil election fit today I see. One party control of house and senate usually gets this type of market reaction
Kylo up 6 figs today no doubt about it
Its all tied to mdterm results. AI needs money/investors. Dems have stop sign out to Data Centers etc. why you seing what you are. get out of AI investing while you can
ForsythSnow
Moderator
It's at the physical ceiling anyway. Not enough infrastructure built fast enough to keep up with the extreme demand of the LLMs. Just before the election too they were scaling back token limits across the board and the whole demand to regulate by the companies likely was a silent call they were running out of cash and needed an excuse.
broken025
Member
Green by close
GoDuke
Member
Boomers losing their minds over midterms lol
A well deserved day
Well done everybody
Well done everybody
While crude futures continue with its overall falling since last week with it down $3, the Dow/Nasdaq futures are bouncing back quite nicely this morning:
Dow +900
NASDAQ +800 (despite a 6% drop in NVDA)(AMD is way up)
Dow +900
NASDAQ +800 (despite a 6% drop in NVDA)(AMD is way up)
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Inflation numbers not great this morning
Homless rate dropped more than 6% in 2025. lowest its been in over a decade. Unemployment all time low today.
The inflation rate is 3.7% / had falling into the 2's before the gas/oil spike. Where folks are feeling it is its over 15-20% plus since 2022. That takes its toll over the months/years. Guranteed our wages collectively havent risen in unison.
Gas/Oil will come down a lot next 6 months and inflation will follow suite. But even when you get inflation back to 2's range this spring / watch out. The cumulative blow to the bow is still gonna be punching middle class and lower class in the gut.
Inflation is caused by decades of reckless spending by Govt. And I bet a 100/1 that Govt spending/ debt ceiling will not only continue to outpace what they are taking in, but they will add to it. Write more checks they cant cash.
The inflation rate is 3.7% / had falling into the 2's before the gas/oil spike. Where folks are feeling it is its over 15-20% plus since 2022. That takes its toll over the months/years. Guranteed our wages collectively havent risen in unison.
Gas/Oil will come down a lot next 6 months and inflation will follow suite. But even when you get inflation back to 2's range this spring / watch out. The cumulative blow to the bow is still gonna be punching middle class and lower class in the gut.
Inflation is caused by decades of reckless spending by Govt. And I bet a 100/1 that Govt spending/ debt ceiling will not only continue to outpace what they are taking in, but they will add to it. Write more checks they cant cash.
OMG bro. 
OMG bro.
In after hours, NVDA was ~175 at 4:55PM. But it plunged to 159 at 5:30PM and NASDAQ dropped 300 on the news.
Nomanslandva
Member
Yea, I have some NVDA and not supper thrilled with this turn. SMH getting dragged a little too. I'm not sold on the anti AI opp so will see about waiting this out. The big guys are going too do their thing somewhere IMO.In after hours, NVDA was ~175 at 4:55PM. But it plunged to 159 at 5:30PM and NASDAQ dropped 300 on the news.
ForsythSnow
Moderator
Hwang's out on resignation. Nvda down 11%
Since the “bad” news is all out now, I wonder if this will end up near its bottom at least in the short term. After all Huang isn’t all there is to NVDA, and it has already fallen so much within a short period. It might be better for its stock price (possible earlier bounce) that Huang went ahead and resigned.
ForsythSnow
Moderator
People seem to believe he was Nvidia's soul itself. If anything it's going to severely disrupt the company and I'm sure any relations he made on behalf of the company. I'd be curious how the next CEO acts towards the openness of their AI policy.
Just after making my previous post, I noticed that it went down as low as 148.8. However, it has already bounced back to 160! So, there clearly was lots of buying (including short covering) shortly after the news that caused it to open way down. But now the big unknown is whether or not most of the bounce is already over.
Can’t wait to start calling him Tim NVidia instead of Tim Apple!