Meh, only 1 to 2%, barely an itch for them. Its still 8% up since jan, and 100% up since 2023. Would’ve expect a burst to start with like 5% or more. Dotcom bubble burst with 78% free fall after the rise of 600%.
NASDAQ is down 5% this month, though I agree it’s too early to tell.
It will continue to decline steadily. I don’t think it will all just be wiped out over night.
China is proving that you don’t need so many massive and ultramodern datacenters to either train or serve good models. We’re getting diminishing returns on compute, so these massive infrastructure investments into AI are premature at best.
The insane investment in data-center capacity stinks of capital misallocation - actual productive capacity being used to make things that in average have a negative ROI - rather than merelly money gambled in the modern day casino.
The Find Out stage is way worse when actual economic value has been wasted in useless stuff during the Fuck Around part than when it it was just money being used to buy overvalued virtual-value-tokens, since whilst in the latter case the money just changed hands, in the former the economic value was wasted and is gone for good.
IT Crowd was awesome
I still sing the emergency services jingle to myself every once in a while
0118 999 881 999 119 725 …. 3
Im amazed that I remembered that correctly after 15+ years
This is my ringtone.
I love that it so perfectly captures that corporate life bs.
Apparently, it has been bursting for a week or so. But if you want to take today as the official date, ok.
The interesting thing is that the US didn’t even raise their interest rates.
I don’t exactly remember but I think it’s because last time they did it, and scientific consensus is that made the recession last way longer.
Wish I had a source for that…
We’re being run by morons. Please don’t take anything we do or don’t do as any kind of reliable signal.
It’s not a signal, it’s more of a cause. Things are happening and they didn’t even cause them.
S&P500 is still up year over year. What do you monitor to know that the stock market is bursting?
Wallstreetbets, mostly.
What? That’s a vibes assessment of all the things. Do not go investing based on random internet comments.
Really? My companies stock shot up, and we have been doing terribly for a while
Does your company make guillotines?
I hope so, but it’s still too early to know for sure if this the main event or just another temporary hickup.
I found 3 different sources about it :
- https://seekingalpha.com/article/4926918-the-ai-bubble-is-bursting-dont-get-mauled
- https://finance.yahoo.com/markets/stocks/articles/experts-sounding-alarm-over-ai-075000670.html
- https://safereddit.com/r/stocks/comments/1v9xflp/what_is_really_behind_the_recent_ai_semiconductor/
But I don’t understand it very well, also it seems it’s going to be very long to burst, and it also seems nobody’s jumping from windows right now.
At this point, the bubble bursting is almost a self fullfilling prophecy
Let’s prophesize harder then
Yes, the sooner the better. The less money the scam artists can steal.
If only. Ken first though.
scowls, leans over and says
“made with mematic”
Oh noes! Quickly, bail out the trillionaires!
I don’t think this is it yet.
