CNBC’s Leslie Picker, Kristina Partsinevelos and Ed Yardeni, Yardeni Research president, joins ‘Power Lunch’ to discuss Nvidia’s recent partnership with Wall Street.
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Question? 🙋 Is nvidia the lender of last resort? Is the music coming to a grand finale soon?😮😮😮😮. When the music stops, is there any other use for these GPU based data centers? Can they run a relational database? Can they run a web server? Cloud storage? Can it do traditional computing? Can the GPU(graphics processing unit) chips be taken out and be used to make a killer gaming PC? 😮😮😮😮 or are they completely useless? 😮😮😮😮
Read between the lines, private credit cant raise money to lend. So the banks that underwrite other enormous loans must now assume the risk to keep the bubble growing and dumping the junk on "investors", just like Space X
Obsolescent tech wasted! 100% of markets is fraud values generated by round-tripping corporations and institutions. Funding is not real its a leverage fraud ponzi scheme to dump on consumer bases to round trip again and again. Markets hold no value because its all leveraged debt and money is just a made up concept created from thin air to money launder tokens to consumers to create fraud book keeping of revenues to generate credit fraud and more leverage. Nothing has value on this planet for cost. Everything is created by free resources. The only reason cost of living exists is to market the chattel slavery of domesticated human beings in debt bondage. Why can't humans realize the truth that is right in front of their face everyday?
Chips have a limited lifespan. If the code can't keep up, they can be wasted especially when the cost is very high. There is no logical reason to blow a trillion on data centers for AI when costs are high. It's like the 2008 real estate crash gone digital. Meanwhile, China with a hundred to one advantage in software engineers is kicking a$$ with old hardware.
The New SPAC!
I’m looking at investing $600K, but I want to make sure I have a solid plan before committing the money.
So circular financing isn’t enough for Jensen, he has to drag the banks in to create demand for his chip, and nobody thinks it’s suspicious?
Computing power is like wheat or corn? WTF? 🙄
They're trying to sell us something.
In other words, CNBC is going to keep telling how great it is going to be. Even though nobody is actually making any money form their AI expending.
It take 26 years to out date a vehicle, only 5 years to out date a computer of any kind. So it is not the same by a long shot!! It has no intrinsic value!! It is not LAND!!!
Staxween describes Leslies unexpected top heaviness. 😂
Would’ve been great to hear from Ed Yardeni in this clip about Ed Yardeni I’ve noticed it’s usually just your journalist you throw in here and not the person that actually has expertise so it’s mostly just wasted time