Are we going to see a tech sell off? I heard hedge funds are shorting Nasdaq.

I am wondering what we can expect to see in the coming months with the technology boom we have seen these past couple of years. AI has clearly dominated the landscape and many technology companies are up several hundred percent in the past year or two. It seems unsustainable from a layman like me.

We have all heard of circular investing in the tech field with companies like Nvidia and their competitors and friends. So much money is being invested almost blindly in the hopes they are the big winners with AI.

What happens when some of these earnings miss or are under expectations with a large company like Nvidia? It is inevitable and all this Capex AI spending will show a poor early return on investment in my opinion.

Now I heard yesterday that the biggest short to ever be placed on the Nasdaq to the tune of 16-20 billion.

Although the times seem incredible with AI it has introduced some fear in to me as of late with potential issues with these companies as well as the status of the United States government and geopolitical issues abroad. I am rambling but there's a lot of negative winds I am feeling. I think we can see a major correction or crash in the coming months but again that's a layman's gut feeling talking.

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u/teh-monk — 1 day ago

SAAS rotation going on. Big swing up?

I am trying to find a reason but can't seem to find one as to why but at precisely 3PM EST the market decided to launch SAAS up a significant amount.

If you are part of the SAAS gang and are happy to see it feel free to post here.

Specifically I am holding the beloved Adobe and Intuit. I know this sub loves Adobe!

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u/teh-monk — 7 days ago

I got a DREAME GoVac 300 - Need help and suggestions

So I don't know anything about robot vacuums. I saw this at Costco online for like $250 and got 2 for my multi level home.

For context I have a 3 level home and the main room I want a vac for is about 2000 square feet. I have 2 very messy toddlers and a cat who sheds.

It was a huge disappointment. It missed a significant amount of debris and I don't even know if it used any strategy to mop. It literally didn't pick up anything after 2-3 times running.

I returned them and am looking at what to get. I think scrubbing that is good is a must and obviously vacuuming. Think messy house with lots of hidden spills.

I upped my budget to $600 up to $1,000 for a good vacuum and would like to get it from Costco due to their return policy if possible.

The Shark Power Detect UV sounds great because it uses a UV light to map stains and scrubs well from what I see but I'm open to suggestions. Thank you!

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u/teh-monk — 3 months ago