Dumb Money Live The Biggest Risk After Nvidia Earnings
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Nov 20, 2025 The hosts dive into NVIDIA's impressive earnings and its impact on the market's emotional landscape, exploring investor psychology amidst fear and euphoria. They discuss Michael Burry's concerns over GPU depreciation while highlighting demand for older tech. A practical example of voice AI in recruiting showcases AI's evolving applications. The conversation turns to managing investments in volatile times, with a warning against overleveraging due to market dopamine. Finally, they speculate on government support for AI and the potential for a trillion-dollar federal compute commitment.
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Earnings Can Rapidly Reset Narratives
- NVIDIA's blowout earnings flipped the AI narrative from 'bubble' to 'tsunami' almost overnight.
- The market reaction shows narratives can change faster than fundamentals.
Software Extends GPU Lifespans
- Older GPUs like the A100 remain economically useful years later due to software improvements.
- That extends useful life and shifts depreciation concerns but doesn't negate strong demand.
Voice AI Running 10,000 Interviews Monthly
- Chris described a VC meeting about a voice AI doing 10,000 HR interviews a month for a huge client.
- The AI learns from hires to improve screening and reduces human hours spent on interviews.