this post was submitted on 24 Nov 2023
97 points (92.9% liked)
Technology
59091 readers
4107 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
A top dog position is a slow & steady growth or consistent government backing. Sharp growths like they have been having consistently lead to crashes. They don't need to even have a loss, they just need to under-perform for their next quarterly projections.
My pointing out cryptomania was not for the fact that Crypto is why they failed. It's that Crypto gave them market boost, followed by a crash when crypto began to crash. This crash wasn't explicitly because crypto crashed, it was because their projects weren't met as a result of crypto's crash. Crypto doesn't need to be involved for their projections to falter. They can be ahead, and be winning the game today. But that doesn't make them Top dog. Top dog is stable, top dog doesn't sit at the precipice of another crash.
Their entire system is built upon pump & dump style investments as a result of the crypto era. They chase quick and easy money. But every time it results in a steep crash afterward. This will be their undoing because this will hurt their reputation, as it already has. The quest for more money, comes at the expense of everything else.
Top dog doesn't need to worry about reputation in the long run, because they'll maintain their place in the long run. An aware front runner will make note of their position and act accordingly. Nvidia is a front runner, planning like a top dog, acting like a top dog.
They are panicked, because they're not Microsoft, Google, Amazon, IBM or Oracle. They don't have a decades long presence in the economy that if they go under, everyone goes down with them.
These top dogs don't even need to worry about their stocks because they will get bailed out. Nvidia is banking on the idea that they're just as needed. But if they really were just as needed, they wouldn't have to peacock or nudge. They'd just have to threaten that they're going to go under, and governments would panic in fear of an economic collapse.
This is a gamble, and one they will lose. Their decision to divide their position and go after lottery tickets, both in the stock market and in regulations will be their undoing.
If they were needed, they wouldn't have any need to look needed.
lol