Looks like players sold out of Semiconductors and went short at Direxion..?

Shorting the SMH in a still booming ramp up to AI products globally sounds like shorting the VIX in January 2018 -- The Widowmaker trade. Long SOXS means you are shorting NVDA, AMD & MRVL -- the prime beneficiaries of the AI hardware ramp up.
 
nitrene said:
Shorting the SMH in a still booming ramp up to AI products globally sounds like shorting the VIX in January 2018 -- The Widowmaker trade. Long SOXS means you are shorting NVDA, AMD & MRVL -- the prime beneficiaries of the AI hardware ramp up.
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AI is a pie in the sky, any 50 cents to 1 buck bounce would be exiting. Folks like a narrative and a good story to tell, to convert that to a cash flow would take a while.
 
mervyn said:
AI is a pie in the sky, any 50 cents to 1 buck bounce would be exiting. Folks like a narrative and a good story to tell, to convert that to a cash flow would take a while.
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And that is exactly why these companies can make wild profits. If all - or at least the bigger part - companies have to adapt their it structure, think of all the demand that will generate. Also all the demand for people to implement it in the organisational structure. That's where you have to place your bets. The middleman, again.

This generative AI is a small revolution which can and probably will change a lot. Just like crypto to the money and contract system. But AI, in contrast to crypto, does not challence current power structures. This is use or get left behind

Imho
 
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