NVDA losing 90% would bankrupt the entire AI sector and plunge US into a deep recession.
It's not just a chip company. Those trillions of value represent bets across the entire economy. When the casino goes bankrupt, all bets are off.
Counter-hypothesis: It wouldn’t be that deep, but it would fix inflationary pressures pretty quickly especially for assets.
Also you act like those bets were group / government decisions. They weren’t my bets. They were NVIDIA’s bets. Equity holders should lose value if the bet fails - that will not be most of the economy by a long shot. The stock market is not the economy. The Casino should not have existed in the first place at the scale it did. This is the correction everyone has been talking about when discussing “bubbles”