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- Hacker News
- I yearn for the days when companies were judged on profit. Not ideology. Vibes. Hypes. Tweets. White House visits. The goddamn singularity.by expedition32
- When was that?by hasbot
- I wonder where all of this money is goingby MadrasThorn
- xAI did lose all of their founders and they are rebooting the company because it was "built wrong"by htrp
- Isn't that why SpaceX "acquired" xAI?by benoau
- Next step is to "acquire" Tesla and give himself full control again.by kotaKat
- During the irrational slap-'AI'-on-everything to juice the stock.
Their current plan is the same as that shoe company that tried to rent out their warehouse space for AI compute.
Same plan as Meta, other than scammers using meta AI to scam our parents out of their money. (Meta makes billions off of this use case and really shouldn't)
- Nah, it might also imply 0 Grok value or 0 value in what Morgan Stanley saysby lostmsu
- Is it too late to pivot to Blockchain? https://www.cnbc.com/2017/12/21/long-island-iced-tea-micro-c...by 4ndrewl
- There is such thing as negative AI value :)by panny
- Yahoo's total value was worse than the Alibaba stock they owned. Their web services had negative value.by dlcarrier
- You'd think Morgan Stanley would understand stuffing debt from one failing company into another semi-ok company.by ferrouswheel
- It’s surprising to me that any investor in public stocks thinks share price is related to anything other than what investors are willing to pay. If everyone thinks price will go down, it doesn’t matter what underlying value exists, people will sell off. You hold on if you think investors will wise up at some arbitrary point in the future and buy it again. Which could theoretically be related to the value of AI, but is actually only about a monkey brain’s perception of value.
There is no underlying fundamental reason that makes stock price match company performance or value. It’s a gambling market that sometimes happens to match real financials
by anon7000 - That's a bit lazy. Elon built a cult following, and that's what defended TSLA for a few years now, since there was no longer a story of infinite growth, or growth at all.
"Everyone thinks" but not for no reason. Henry Kissinger was one way Elizabeth Holmes made everyone think.
by Zigurd - Attention matters when a stock is rising, fundamentals matter when a stock is falling.by jackb4040
- The underlying fundamental value is dividends, and the assumption that they will eventually be paid, after a growth period. I think a lot of people have forgotten this.by eudamoniac
- You’re not the only one saying this
https://finance.yahoo.com/markets/stocks/articles/buffett-to...
by arealaccount - > There is no underlying fundamental reason that makes stock price match company performance or value
Of course there is, at least as a floor: M&A.
- The future of markets is a vibes exchange, where fortunes are won and lost based on social media engagement, viral media, and influencer CEOs.
In the new world order the winners are not value investors and rational actors. The winners are the outrageous, the titillating, anyone who can capture a bit of attention span.
by idiotsecant - It's not surprising; anyone who thinks share price is something other than what investors are willing to pay has become someone's sucker.
And the industry could not exist without a strong foundation of suckers.
by avaer - Stock price does not need to match company value *in the short run*. But company value exerts a tug on the share price, it won't succeed in pulling the share price to the correct value but it will in time correct the swings. Think of walking a dog on a long leash--the dog will wander but will end up where the human goes. Or even well-behaved dogs without a leash.by LorenPechtel