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I've sold my stock, so it will obviously keep going higher. That being said, I don't see how it's a sustainable price, it has massive P/E and Price to Sales rat
by partiallypro 3y ago
I've sold my stock, so it will obviously keep going higher. That being said, I don't see how it's a sustainable price, it has massive P/E and Price to Sales ratio. In the past when a stock finally hits the $1 or $2 trillion mark the stock will give it up relatively quickly before it finally reclaims it for good. AI is the new "blockchain" in terms of the level of hype it is getting where every company now can mention it and get a 5% jump in their stock price, to me that means we're getting closer to a saturation in the hype.
- Sohcahtoa82 3y ago> AI is the new "blockchain" in terms of the level of hype In terms of hype, I'd agree. The difference is that AI is useful.
- partiallypro 3y agoThat is obvious, I just mean that many companies that don't have, and won't have, any AI competencies are now mentioning AI in their earnings calls. I saw someone had done a chart of earnings calls that mention AI and it has skyrocketed. Also a new trend of stuffing GPT and LLMs into apps that don't need it is already in the pipeline, people comment it on HN all the time.
- Sohcahtoa82 3y agoSounds like a great opportunity for shorting a stock. They announce doing something with AI, their stock skyrockets, the new AI features don't noticeably increase revenue while their expenses go up considerably, stock drops. Profit.