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Tech stocks set to wipe out more than $1 trillion as concerns deepen about the AI boom (www.nbcnews.com)
submitted 1 week ago by to c/technology@lemmy.world
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[–] 6 points 1 week ago (3 children)

It is quite possible, the giant hiring spree during covid and immediately after was never going to last unfortunately. Maybe after the midterms things will change in a positive direction.

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  • [–] 9 points 1 week ago* (2 children)

    They are desperately trying to stave off the crash until Democrats have a majority so it can be blamed on the Democrats.

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  • [–] 2 points 1 week ago

    While that has worked in the past, I don’t think it’s gonna fly this time.

    Optics matter and right now GOP are far more all in on AI, it’s also Cheeto’s halfway point, things crashing badly with Dems having some power won’t look like it’s the Dems in control.

    The fact that the economy took a bad turn right when he came into office is an association that most people won’t forget.

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