

Australian chemist and videographer Explosions & Fire argues convincingly that the ongoing recent radioactive-boy-scout scandal should not result in prosecution. For context, a 24-year-old man ordered small samples of radioactive isotopes from the USA, Australia failed to intercept it at the border, and they are prosecuting him in order to avoid embarrassment over incompetence. I donāt have a choice sneer; E&F is unwaveringly energized over the topic of radioactive isotopes and injustice, and the whole thing is worth watching.
As the classic film Network points out, the Saudi money is the end of the road; there arenāt any richer or more gullible large wealth funds who will provide further cash. So OpenAI could be genuinely out of greater
foolsfinancing after another year of wasting Somebody Elseās Money. This crash has removed ālargeā from the front of any other wealth fund that might have considered bailing them out. The Stargate gamble could still work out, but so far I think tiās only transferred bag-holding responsibilities from Microsoft to Oracle.Another path is to deflate nVidiaās cap. At first blush, this seems impossible to me; nVidiaās business behavior is so much worse than that of competitors Intel or Imagination yet they have generally never lost faith from their core gaming laity, and as long as nVidia holds 20-30% of the gaming GPU market they will always have a boutique niche with cap at least comparable to e.g. their competitor AMD. But GPUs have been treated as currency among datacenter owners, and a market crash could devalue the piles of nVidia GPUs which some datacenter owners have been using as collateral for purchasing land, warehouses, machines, more GPUs, etc. nVidia isnāt the only bag-holder here, though, and since they donāt really want to play loan-shark and repossess a datacenter for dereliction, odds are good that theyāll survive even if theyāre no longer king of the hill. The gold rush didnāt work out? Too bad, no returns allowed on shovels or snow gear.
Side note: If folks just wanted to know whether tech in general is hurt by this, then yes, look at Teslaās valuation. Tesla is such a cross-cutting big-ticket component of so many ETFs that basically every retirement scheme took a hit from Tesla taking a hit. The same thing will happen with nVidia and frankly retirement-fund managers should feel bad for purchasing so much of what any long-term investor would consider to be meme stocks. (I donāt hold either TSLA or NVDA stocks.)
I hope this makes sense. I donāt post with this candor when Iām well-rested and sober.