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'Get Me Out': Traders Dump Software Stocks as AI Fears Erupt
- softwaredoug 9mo agohttps://archive.is/8Z4YW https://archive.is/8Z4YW
- paulpauper 9mo agocrypto dumping hard too. Ironic how everything turned out to be a bubble except Ai, which everyone has been predicting would crash since 2023 . Goes to show how useless the media/pundits consensus is. Ai could be a bubble, but everyone thought Ai would crash, but it has proven much more resilient than anticipated.
- softwaredoug 9mo agoWell I’d argue this IS in part the AI bubble. These companies valuations depend on them owning the AI. But people don’t want random company’s AI when they can just use Claude Code or ChatGPT. So suddenly many just look like another shitty SaaS thing.
- CamperBob2 9mo agoHere's your periodic reminder that Bloomberg journalists are allegedly paid to move the market: https://www.politico.com/blogs/media/2013/12/the-bloomberg-market-moving-bonus-179407 https://www.politico.com/blogs/media/2013/12/the-bloomberg-m...