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- Hacker News
- "... the starkest threat yet to the billions of dollars being poured into the industry that have pushed world markets to record highs."
- And they’ll recover like every 3–4 months… does anyone remember the report from Citrix (or a similar name) back in winter? Same FUD.
Does anyone remember the FUD of capex?
The SaaSpocalypse?
And so on…
Those calls are only ways for the shareholders to buy at lower prices
- Oh no, a 5% fall after an 800% rise!
It's so over!
by moralestapia - Still continues to be the greatest bubble, of all assets, in all sectors in world history. Under the current velocity of money nearly every company is overvalued at least 10x. What's even funnier the effective cost of replacement of most companies (ie money needed to reconstruct these companies from scratch) is hilariously low. A low hundred billion for Apple, for instance.by rfgplk
- For what it's worth, I'm not convinced the cause explains the effect. European markets are also down [1].
In the last few days we got information relevant to medium-term energy prices, likely-voter polls into the midterms, the Fed's likelihood of a rate rise and producer and consumer price levels. Those seem more germane than pre-IPO messaging from AI CEOs.
- AI stocks drop, but the rest of Wall Street holds steadier | https://apnews.com/article/stocks-markets-oil-ai-rates-0b44b...
US tech stocks fall after big AI groups call for slowdown | https://www.ft.com/content/aa8a1be7-abe0-44b7-bcd3-31fd0a44d...