A $ 20 billion hit to Nvidia’s bottom line.
It’s probably nothin. https://t.co/ga3tZSAvoe
— The Great Martis (@great_martis) September 17, 2025
Howard Lutnick really went on TV and said:
“You want to sell the Chinese enough that their developers get addicted to the American technology stack. That’s the thinking.”
So, China was like “Oh yeah? Fuck you then, moron” https://t.co/zBpUtumfOF
— BuccoCapital Bloke (@buccocapital) September 17, 2025
The biggest stock in SPX and NDX. Trade war not going well.https://t.co/Cvw3VZhV8Z
— Marko Kolanovic (@markoinny) September 17, 2025
‘Dot-Com Bubble 2.0’ could burst at any time
With AI mania driving unprecedented investment in the tech sector, Wall Street punters are racing to get a piece of the gold rush. Speculation on the NASDAQ is rampant, tech stock is being inflated well beyond actual profitability, and a horde of crypto-addicted zombie companies has been unleashed upon the markets. A colossal correction is only a matter of time.
As we have commented many, many times: capitalism’s organic crisis, which came to a head in the 2008 recession, forced governments to hurl trillions of dollars at the system, followed by trillions more during the COVID-19 pandemic. Overproduction restricted profitable avenues of investment in the real economy (industry, manufacture and so on), meaning much of this capital was left sloshing around with nowhere to go.
Combined with ultra-low interest rates, this fed an orgy of speculation on the stock markets, particularly in tech. Investors chased megaprofits by trading shares in loss-leading companies like Netflix and Uber, as well as betting on fads like cryptocurrency and NFTs.
But the party couldn’t last. Massive government spending since 2008 (necessary to keep capitalism on life support) provoked an inevitable inflationary crisis in 2022, causing central banks to raise interest rates. With the cheap money tap turned off and investor confidence rocked, tech companies lost billions of dollars. Cryptocurrencies tanked, NFTs became worthless, and the tech-focused NASDAQ stock exchange fell by 30 percent in a week.
That, it seemed, was that. The bubble had popped, the crypto craze was over, unprofitable companies would be wiped out in a process of ‘creative destruction’ and new regulatory measures put in place. Yet here we are in 2025: the NASDAQ closed at an all-time high in July, Bitcoin and Ethereum have just notched record values, and regulatory barriers are actually being lowered.
