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"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to
by andsoitis 1y ago
"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst and take the whole economy with it?"
I said, "Yes, that's right."
Which companies are those?
- ben_w 1y agoAlphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. I dispute the "no way to become profitable" claim (literally all profitable right now, it's the private ones which probably aren't). I do have other negative sentiments for most of them, but those are the seven that represent about that share of the S&P500.
- andsoitis 1y agoRight. The are also not “AI companies” in any meaningful way — only NVidia’s revenue and market cap is heavily driven by AI sales. The author’s thesis seems to lack rigor.