NVIDIA is crashing because they didn't use the newest model of the chips.
Discussion
Cuz the latest were banned by Biden Administration:-)))) .. only 1700 max to any country out of the pool of 8 ..
Deep seek shows they can do better with older chips and much less data .. which means they are stealing much less content compared to openAI and Google ..
Okay but they're still using NVIDIA chips...maybe that just means NVIDIA was overvalued.
Yup
It's been overvalued for years. But, by how much is what I'm curious about?
We may find out very soon.
This proves how overreliant they were on China for revenue, though.
China was soaking up the older models into a gigantic stockpile, to front-run the trade restrictions, which drove up the price on the higher-end models.