• macniel@feddit.org
    25 days

    Well it did, and South Korea was the first that suffered tremendously by this burst.

  • SoupBrick@pawb.social
    25 days

    “The market can remain irrational longer than you can remain solvent.”

  • gedaliyah@lemmy.world
    25 days

    Okay, “hodl gang”

    I’m saving this post for three months because I’m sure it’ll age like wine.

  • FiniteBanjo@feddit.onlineEnglish
    25 days

    It looks like all their stocks are tapering off, despite nVidia trying to circulate $750 Bn.

    Problem is, they all collectively still have liquid funds to move, despite their massive debts.

  • yesman@lemmy.world
    25 days

    No bubble burst has ever been a surprise, only the timing is a mystery. It’s obvious to the casual observer that the US stock market is a sandcastle. And not just AI exposure, but wildly overvalued tech stocks. Everyone knows that a correction is coming, and it’s going to be brutal.

  • sahin@lemmy.world
    25 days

    Anything that is owned by the rich can’t burst at the moment, because they have all the power, we are working for them for pennies. If we had equal wealth, the AI bubble wouldn’t even exist.

    They like AI because it is making them even more powerful. They could decide to make a bicycle bubble, giving everyone a bike, and increase the bike business by 100x. They can create a gold bubble, buying all gold, increasing its value by 100x. They can do anything, they have all our attention, all our labor, all our life, they chained us to the system by banks and by our attention from social media and tv.

    So, they like AI because it will help them own even more of our attention, data wealth and labor. Social media has been the same. People didn’t decide to have social media addiction one day, it was intentionally created to be addictive, it was engineered by the rich.

  • Canaconda@lemmy.ca
    25 days

    This is not a classic bubble though. 1929 and Dot com didn’t have these Ponzi Scheme X Ball & Cup shenanigans propping them up.

    Ponzi Scheme: TSLA, SPCX, ETC all having IPOs and owning stakes in each other and getting retail investors to pay their staffs wages.

    Ball & Cup: Nvidia invests in OpenAI, OpenAI uses those funds to buy AI Data Centers from Microsoft, and Microsoft builds those AI data centers with NVIDIA products.

    These mechanisms allow them to keep inserting cash into the bubble. Only after they have built the Data Centers and monopolized computer access will they allow the bubble to pop.