Increasing slightly given stock market volatility and the Trump factor.
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Why do you think you're right?
Why might you be wrong?
It is hard to make forecasts in a chaotic environment.

Why do you think you're right?
“Never interfere with an enemy while he's in the process of destroying himself” -- Napolean Bonaparte

Why do you think you're right?
Still no sign of preparations for a test at https://www.38north.org/ The old site isn't usable and is damaged beyond repair. https://www.scmp.com/news/china/diplomacy-defence/article/2143171/north-koreas-nuclear-test-site-has-collapsed-and-may-be-why-kim-jong-un
Why might you be wrong?
A new site might be built fast enough.

Why do you think you're right?
The gap between Apple and NVIDIA today is $407B. This compares with @geoffodlum reporting $239B March 16 here https://www.randforecastinginitiative.org/comments/161803
Why might you be wrong?
I'm tempted to game this one by going to zero, but Murphy's Law is deterring me.
Part of the decline could be attributed by news of GenAI competitors seeking alternatives to NVIDIA:
https://research.aimultiple.com/ai-chip-makers/
https://www.nerdwallet.com/article/investing/nvidia-competitors

Why do you think you're right?
There are new competitors who do great on the GenAI benchmarks without using the top of the line Nvidia chips, indeed not many chips of any sort.
https://www.analyticsvidhya.com/blog/2025/01/deepseek-r1-vs-openai-o1/
Why might you be wrong?
These cheap newcomers look great, but are they? Indeed, even the biggest users of Nvidia chips have questionable performances.
Several aspects here:
(1) So what if they only look great by being designed, thanks to their training data, to do well on the benchmark tests? Consumers only care about results. Source: https://www.theatlantic.com/technology/archive/2025/03/chatbots-benchmark-tests/681929/
(2) If the cheap new GenAIs are making consumers happy, who cares what is under the hood?
(3) What if the use case collapses for users of high end GenAIs?
(4) Chaos among the owners of the high end GenAIs and their beloved Donald Trump could easily crash the US and even world economy. Elon Musk, looking at you!
(5) Yet, the economy and markets for Nvidia chips could remain elevated and ever surge before the end of May.
(6) If markets were rational, how come our Pro Forecasters aren't all billionaires? Are there any billionaire Pro Focasters?

Why do you think you're right?
Still no sign of preparations for a test at https://www.38north.org/
Why might you be wrong?
Might Trump's apparent abandonment of Ukraine entice NK to try to seize South Korea? Might that create a need for testing a small tactical nuclear weapon? In that case, NK might build a new test site to supercede the fatally damaged Mt. Mantap. Could they do that within six months? Alternatively, NK might decide to heck with the likely resulting radioactive pollution and set off one inside the new tunnel bored (how far?) into the rubble pile of Mt. Mantap.



Why do you think you're right?
Dateline 4-16-2025 The new US limit on Nvidia’s exports to China will cost the company $5.5 billion.
Source: https://www.bloomberg.com/news/articles/2025-04-15/nvidia-says-us-has-imposed-new-china-restrictions-on-h20-chips
Why might you be wrong?
Apple might get hit harder as who knows what Trump will tariff next and how much.