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Google's stock is now worth more than it was on the date of ChatGPT's initial release (Nov 30th). Good test for the Efficient Markets Hypothesis: how does this
by georgewsinger 3y ago
Google's stock is now worth more than it was on the date of ChatGPT's initial release (Nov 30th).
Good test for the Efficient Markets Hypothesis: how does this make any sense?
- crazygringo 3y agoBecause Google's got its own version of ChatGPT and everybody thinks it'll do just fine incorporating it into its products?
- laweijfmvo 3y agoAnd also ChatGPT hasn't made any significant headway into taking over Google's businesses?
- tedunangst 3y agoEMH doesn't say stock prices reflect your feelings.
- mkl95 3y agoThe consensus seems to be that their stock has gone up due to laying off thousands of people, thus increasing their "efficiency". It's hard to tell how much it would be worth if ChatGPT wasn't a thing, but my guess is that it would be doing at least a bit better. To put it into words, post-2022 Google is a mildly handicapped version of itself.
- sidibe 3y agoChatGPT is talked about a lot but who is actually replacing search with it? Also no one has poured more money into AI hardware and software than Google, it's pretty naive to think OpenAI/Microsoft has a huge lead by releasing a nice product a year or two earlier.
- HDThoreaun 3y agoTheir stock is up because the macro outlook is better and they've laid off tons of people which wall st always likes.