The Chinese honeypot and affair with the married VP is only the tip of the scandal.

He’s been tied to allegations of supplying chips to China in violation of export controls. Possibly 20% of NVIDIAs earnings in the last few years may be attributed to these sales. Without protection from Trump he could be looking at jail time.

This is bigger than people realize with out Jensen, the circular financing that has pumped the AI boom is going away. NVIDIA has underwritten a lot of deals and funding for Anthropic, Oracle, ChatGPT, etc. There may not be an appetite to support this kind of financing with the next exec.

This could be the first domino in a chain that could wipe out this AI bubble we are in.

I dumped all of my risky stocks prior to the SpaceX IPO and reallocated my 401k to bonds. Im about 90% bonds at the moment.

On my active trading account I’m in bonds funds like BIL and SGOV and dividend funds like SCHD. I have some individual stocks in relatively safe industries that should bounce back.

You can never predict the future but it feels like a lot of headwinds on a market who’s gains are concentrated in only handful of companies. I’m ok with sitting out for 12 months or until there is some clarity in the market. I have a major renovation going on right now so spending my cash on property improvements is ok with me.

Musks old tricks aren’t working like they used to and the walls are closing in on him for Tesla.

The latest Roadster demo is a sign that he’s relying more and more on theatrics to sell cars. Ten years ago you could kind of buy that he would have full autonomous driving at some point. Other car companies are far more advanced than him and the Chinese’s are eating his lunch on electric vehicles and beating him in every market but the US.

He pivoted Tesla to robotics and self driving taxis but other companies are ahead of him there as well and he knows it.

He doesn’t have any tech to set Tesla apart and justify its grossly overpriced stock.

He wants to roll it under Space X to ride the only two advantages he has left Starlink and Rockets.

He knows the US government under any administration won’t let either of those two go belly up and wants to link them with his other failed or failing companies.

When the AI bubble pops it’s going to take down the banks.

There is a lot of private credit dollars loaned to data centers and the banks are heavily invested in private credit.

It’s a house of cards priced for perfection just waiting for one of the big 5 to have a slightly off quarter.