Not to mention the insider trading on oil prices in the US.
Comment on US AI stock sell-off shakes markets from Wall Street to Asia
TehPers@beehaw.org 2 weeks ago
Not financial advice of course, but I don’t know anyone who has wanted to touch the bubble at all. I also don’t know anyone who could invest billions into the industry either, so maybe it’s just a matter of greed clouding judgement here (“maybe” is pulling a lot of weight because we all know the reason is greed).
The whole thing reeks of crypto scams, just on a higher scale. With companies investing in each other circularly to pump their valuations, we’re just waiting to see who tries to cash out first.
wax@feddit.nu 2 weeks ago
Powderhorn@beehaw.org 2 weeks ago
Yep. Musical chairs, but this time, in the 10 figures! Something that seems woefully undercovered in all of this is what’s to become of all the hardware orphaned by Nvidia’s must-have next-gen silicon and timelines on all this spending in that regard. The belief seems to be everyone must be on the cutting edge of hardware at all times, which is a grift in its purest form … spend billions now to keep pace so that you can write off what you bought in two years while buying even more expensive replacements is … not sane.