Sad commentary on current state of affairs

Nvidia stock, $NVDA, is now down 7.5% as President Biden restricts AI chip sales to China.

The stock has erased nearly $100 billion in value in just over 24 hours.

We now have:

1. Multiple wars around the world

2. The beginning of a new trade war with China

3. Least… pic.twitter.com/Z7KsnxulQe

— The Kobeissi Letter (@KobeissiLetter) October 17, 2023