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If someone who is as unpopular as Elon the cringelord Musk can convince the markets that Tesla is worth its current stock price, I doubt the AI bubble will bur
by spiderfarmer 3mo ago
If someone who is as unpopular as Elon the cringelord Musk can convince the markets that Tesla is worth its current stock price, I doubt the AI bubble will burst.
- asdfman123 3mo agoHe can keep the scam going for a long time but not forever.
- usernametaken29 3mo agoLooking at SPCX it lost half of its valuation in a month and the trajectory is only heading downwards. Out of the three expedited IPO requests (OpenAI, SPCX, Anthropoid) to the S&P 500 only SPCX was approved. The other two did not fulfill expedited IPO requirements. To recap, the only AI company (xAI) going into the market lost half of its valuation in a month, and the other players are tooo dodgy to enter. When they will eventually, boy will you see the bubble pop
- carlosjobim 2mo agoConsider everything it takes in organization to be able to send rockets to space and bring them back. That kind of organization would be able to do anything. There is where the value is. The world is not static and people are not static.
- SchemaLoad 3mo agoIt's already burst in South Korea when China showed they can make memory chips too. And it would have burst by now in the US if OpenAI and Anthropic were public.
- Nition 3mo agoThe SK stock market is still up 55% since the start of this year.
- BLKNSLVR 3mo agoIt is interesting looking at a long term chart how obvious that it was due for correction. Having said that, it's easy to say that after the correction because 'the top' is impossible to predict. But if investors hadn't been taking profits on the incline, then I have little sympathy for them skiing down the decline. (This is a harsh opinion, but people getting into investing should be doing it actively, not passively, ie. do some research, make a plan. Also, for those who are invested passively, long term, via ETFs, then they're still up 55% as @Nition says, so they're all good)
- SchemaLoad 2mo agoActive investing was the source of the problem here. Retail investors were buying leveraged bets on Samsung and SK Hynix which has wiped out their investment now it's crashed. Had they passively invested in indexes over a long time they would be up still.
- cortesoft 3mo agoPeople buying shares at a given price does not necessarily mean they believe the company is worth that much https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory
- Barbing 3mo agoCan a person get their Roth IRA on a stoploss to make sure it’s everyone else left holding the bag? Asking for an antisocial friend Ah with a decade or two time horizon it shouldn’t matter how hard it crashes if Zitron & Doctorow are proven right… rightttt!
- bookofjoe 2mo ago>Keynesian beauty contest https://en.wikipedia.org/wiki/Keynesian_beauty_contest https://en.wikipedia.org/wiki/Keynesian_beauty_contest
- amazingamazing 3mo agoIt is only a matter of time until China can make everything needed for sub 8nm chips in their own country. Maybe 10 years away, but it is inevitable.
- karim79 3mo ago+1 for the word Cringelord. I have taken this and shall use it on my journeys.
- underlipton 3mo agoThis is also why nothing will lower housing prices significantly. The problem isn't inventory, or that we're not subsidizing builders enough, or whatever. It's that we've decided that propping up housing values is more important than housing being affordable. And you cannot have both, full stop.
- grg0 3mo ago"cringelord" I cracked. Had never seen that used before, yet so obvious now in retrospect. Pure poetry.