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Meta's scorched earth approach to AI, Tesla's future, TikTok bill, FTC bans noncompetes, wealth tax
All-In with Chamath, Jason, Sacks & Friedberg
Differentiating between smart money and others in stock market
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The dispersion in the stock market showcases the difference between 'smart money' and other investors, referred to as 'squares'. Meta's stock decline was due to negative reactions towards the misallocated spending on Nvidia instead of AI, specifically on inference where Nvidia is not as strong.
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