you are viewing a single comment's thread
view the rest of the comments
[–] 25 points 1 week ago (5 children)

I mean a 5% drop isn't that crazy. Google lost like 15% the other day, now that's a dip with some chest hair!

  • source
  • hideshow 5 child comments
  • [–] 7 points 1 week ago (3 children)
  • [–] 5 points 1 week ago (1 child)

    Holy shit. What even happened yesterday that so many companies' stock is crashing? Quarterly reports?

  • source
  • parent
  • hideshow 1 child comment
  • [–] 4 points 1 week ago

    Eyup. Quarterly reports, and the investors not being happy about it.

    A lot of the big corpos have reported something called "negative income" yet doubling down even harder on "we gotta spend more on AI now. MOAR!!!" and nobody liked that.

    A comment on Yahoo Finance from some dude called Lerner:

    "The story is no longer simply about the strength of AI demand. Wall Street is increasingly demanding evidence that heavy investment will translate into durable profits and cash flow,"

  • source
  • parent