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Last week, Apple added about $50 billion in market cap after Bloomberg reported that it was working on its own ChatGPT gizmo. Every ad on Marketplace is for stu
by __derek__ 3y ago
Last week, Apple added about $50 billion in market cap after Bloomberg reported that it was working on its own ChatGPT gizmo. Every ad on Marketplace is for stuff like AI-powered recruiting by Robert Half. If it's only brewing so far, I don't think I'm ready for what comes next. An AI beverage company[1] or something?
[1]: https://en.wikipedia.org/wiki/Long_Blockchain_Corp https://en.wikipedia.org/wiki/Long_Blockchain_Corp
- ganoushoreilly 3y agoAI_WasteManagement .. INVEST INVEST!!!!!!
- __derek__ 3y agoW/AI/ste Management seems too easy, right?
- rz2k 3y agoApple often gains (or loses) more than $50B in a day. It also happens to be slightly down about 0.15% since July 19th, compared to a total market fund that would be up about 0.15%.
- __derek__ 3y agoI honestly don't pay much attention to Apple stock (hello, availability bias!), so I'm curious how often it does that. Assuming that day's move was just noise, though, should we conclude that it's unrelated to the AI bubble? That there is no AI bubble? Something else?
- edmundsauto 3y agoI suggest the prior to any question about recent stock price movements should be “random walk”.
- __derek__ 3y agoThe random walk is an emergent phenomenon, though. It arises from the individual movements, but doesn't explain them. That's a bit like saying "Traffic" when someone asks, "Why are all these people out driving today?"
- meltyness 3y agoApple stock is still pricing an self-driving electric car.
- __derek__ 3y agoTouché