The US economy depends on an unsustainable stock market bubble driven by AI companies that are almost all losing money. Nvidia seems healthier, but serious red flags explain why its stock price is extremely volatile, and why its market capitalization dropped $600 billion in just one day. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=JAZqYQBwWNY
Topics
0:00 AI bubble & Nvidia
2:40 Magnificent Seven (Mag7) Big Tech stocks
4:01 US GDP growth depends on AI capex
5:01 AI circular financing scheme
6:28 OpenAI is losing money, but owes $1.4 trillion
7:38 Nvidia profits rise in earnings report
9:27 US investor madness
12:04 China challenges Nvidia's chip monopoly
13:43 Crazy volatility in Nvidia stock
15:08 CEO Jensen Huang's private comments
17:11 $600 billion drop in one day
18:13 Four customers make up 61% of Nvidia revenue
20:25 IOUs: Nvidia's accounts receivable rises
21:43 GPU demand? Nvidia inventories surge
22:37 S&P 500 falls $2 trillion in 5 hours
24:12 US economy built on financial house of cards
26:13 Markets can remain irrational...
27:01 Dangers of a recession or depression
28:13 Outro
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The US economy depends on an unsustainable stock market bubble driven by AI companies that are almost all losing money. Nvidia seems healthier, but serious red flags explain why its stock price is extremely volatile, and why its market capitalization dropped $600 billion in just one day. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=JAZqYQBwWNY
Topics
0:00 AI bubble & Nvidia
2:40 Magnificent Seven (Mag7) Big Tech stocks
4:01 US GDP growth depends on AI capex
5:01 AI circular financing scheme
6:28 OpenAI is losing money, but owes $1.4 trillion
7:38 Nvidia profits rise in earnings report
9:27 US investor madness
12:04 China challenges Nvidia's chip monopoly
13:43 Crazy volatility in Nvidia stock
15:08 CEO Jensen Huang's private comments
17:11 $600 billion drop in one day
18:13 Four customers make up 61% of Nvidia revenue
20:25 IOUs: Nvidia's accounts receivable rises
21:43 GPU demand? Nvidia inventories surge
22:37 S&P 500 falls $2 trillion in 5 hours
24:12 US economy built on financial house of cards
26:13 Markets can remain irrational...
27:01 Dangers of a recession or depression
28:13 Outro
China is winning AI race, Nvidia says, as OpenAI begs US gov't for bailout
Geopolitical Economy Report
37 minutes 16 seconds
2 weeks ago
China is winning AI race, Nvidia says, as OpenAI begs US gov't for bailout
Nvidia CEO Jensen Huang fears China will win the AI race, as OpenAI asks the US government for "federal guarantees" and a "backstop". The unsustainability of the enormous AI bubble is becoming clear to everyone, and Silicon Valley Big Tech executives want to be guaranteed a bailout. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=4odSW2lSUyI
Check out our related video on the AI bubble: https://www.youtube.com/watch?v=rXCVrLPTUHQ
Topics
0:00 (CLIPS) OpenAI wants US gov't "backstop"
0:31 US-China AI race
1:13 Nvidia sells shovels in AI gold rush
3:05 China restricts Nvidia chips
3:47 Nvidia CEO: China is winning AI race
5:50 AI bubble
7:21 OpenAI CFO asks for federal "backstop"
8:11 (CLIP) OpenAI CFO on US gov't support
8:51 OpenAI CEO Sam Altman
9:22 (CLIP) US gov't as "insurer of last resort"
9:49 Too Big to Fail 2.0
10:53 Sam Altman backtracks
11:58 OpenAI letter asks US gov't for support
14:32 Banning Chinese AI competitors
15:31 Trump supports OpenAI & Sam Altman
16:19 (CLIP) Sam Altman at White House
16:36 Sam Altman donates to Trump
17:03 Chinese open-source AI models
17:56 US corporations want monopolies
18:58 Peter Thiel & Sam Altman
19:34 (CLIP) "Competition is for losers"
20:10 OpenAI's circular financing scheme
22:32 OpenAI owes $1.4 trillion
23:24 OpenAI is losing money
24:42 Silicon Valley's business model: monopoly
26:15 China's AI advantage: electricity
27:08 The "electron gap"
28:24 Electricity generation: China vs USA
29:30 AI data centers drive up electricity bills
29:52 Electricity price in USA
30:36 Electricity prices: China vs USA
31:49 BlackRock buys up US power grid
33:02 Trump closes solar power projects
33:48 Trump cancels wind power projects
34:39 US fossil fuel corporations
35:12 Summary
36:34 Outro
Geopolitical Economy Report
The US economy depends on an unsustainable stock market bubble driven by AI companies that are almost all losing money. Nvidia seems healthier, but serious red flags explain why its stock price is extremely volatile, and why its market capitalization dropped $600 billion in just one day. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=JAZqYQBwWNY
Topics
0:00 AI bubble & Nvidia
2:40 Magnificent Seven (Mag7) Big Tech stocks
4:01 US GDP growth depends on AI capex
5:01 AI circular financing scheme
6:28 OpenAI is losing money, but owes $1.4 trillion
7:38 Nvidia profits rise in earnings report
9:27 US investor madness
12:04 China challenges Nvidia's chip monopoly
13:43 Crazy volatility in Nvidia stock
15:08 CEO Jensen Huang's private comments
17:11 $600 billion drop in one day
18:13 Four customers make up 61% of Nvidia revenue
20:25 IOUs: Nvidia's accounts receivable rises
21:43 GPU demand? Nvidia inventories surge
22:37 S&P 500 falls $2 trillion in 5 hours
24:12 US economy built on financial house of cards
26:13 Markets can remain irrational...
27:01 Dangers of a recession or depression
28:13 Outro
