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[–] 2 points 1 week ago* (last edited 1 week ago) (5 children)

Laugh it up folks. This bubble is going to tank America's economy first, then the rest of the world.

Lemmy: "The stock market is imaginary, the 'economy' is only for the rich, has nothing to do with me. LOL, Google bad!"

Half a trillion dollars just when "poof", and y'all yuckin' it up. 🙄 This may be the event that kicks off the fall, the market equivalent of an old-school bank run. "If GOOGLE can fall that hard?! Get ALL the money out of AI!!!" AI is most of America's GDP and stock market gains. Our economic health has been illusory for 2 years. Hold onto your butts.

(If you think I sound like Chicken Little, have a good look at the Buffett Index, past and present.)

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  • [–] 1 point 1 week ago (2 children)

    This is a nothing burger. The price dip will recover and they will still be a solid stock to hold.

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  • [–] 1 point 1 week ago (1 child)

    Explain how they recover with no way to make investments back. Even Altman was surprised the new $200 tier was a money pit. Now stack the tens of millions of free users sucking them dry every day. This makes the dotcom bubble look like a practice run.

    My god, I have never seen such bullshit circular financing. AI is unsupportable in its current form and investors are just now waking up. But if y'all think trillions of dollars of stock value, loans and hardware can simply go 'poof' without it affecting you, continue to believe so. But in the end, you'll be sitting right next to me at the bottom of the blast crater.

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