Now that AI got involved it's on topic for TechTakes I guess. Making a containment thread because there might be a lot to sneer about this.
Boring version of of the main story: https://text.npr.org/nx-s1-5345802
Skynet declares trade war on penguins: https://archive.is/Nn5MC
Reactionary news outlet celebrates 77% drop in stock price by taking everyone else down with them: https://bsky.app/profile/brianmfloyd.bsky.social/post/3lluybov3i22o
yeah, Nvidia is gonna be fine. They make a useful thing that people want and is the best in its field. I've spoken to Nvidia people, they know damn well this is a bubble and they're making hay while the sun shines, but also NVDA has always been volatile as hell and they tend to assume Mr. Market is just on crack again.
The AI bubble takes out tech and thus the S&P 500. US stocks are fucked. Buuuut, I expect to see in about six hours that they're fucked already. Edit: it's coming up 08:00 UTC. Asia and Europe markets open, down about 10%. Yyyyeeeahhhh boyeeeeeeeeee
this might be fallout from tariffs, some went in on saturday iirc
it's all fallout from the tariffs yeah