this post was submitted on 23 Aug 2026
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NVIDIA Becomes A Buyer Of Last Resort For Its Own GPUs By Earmarking $7 Billion For Poolside, Just As Sam Altman Admits He Was Wrong On The AI Timeline (wccftech.com)
submitted 4 days ago by sanitation@lemmy.today to c/pcmasterrace@lemmy.world
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[–] ChicoSuave@lemmy.world 26 points 4 days ago (1 children)

Half of FAANG is built on this circular financial lie. So many people banking on index funds will lose their retirement.

[–] baines@lemmy.cafe 17 points 4 days ago (2 children)

if index funds collapse the whole fucking economy goes with it

[–] mursejoy@lemmy.zip 9 points 4 days ago

This is my exact thought. If my IRA tanks because of total market index funds… not having a retirement will be the least of my worries. The entire country will collapse long before I make it to 67.

[–] curiousaur@reddthat.com -1 points 4 days ago (1 children)

Don't worry, we'll bail them out.

[–] baines@lemmy.cafe 3 points 4 days ago

no money to do so

economy is so fucked the tools are borked

and that’s assuming he doesn't get control of the fed