The sharp drop is the latest sign of anxiety creeping through Wall Street over how long it will take AI companies to see returns on massive investments.
  • nothrone@lemmy.dbzer0.comEnglish
    14·
    6 天前

    Not enough. I want them burning. I want their CEOs, the Epstein class, strapped to the walls and the people pissing on them.

  • Tattorack@lemmy.worldEnglish
    203·
    7 天前

    Intel is down, AMD is down, SpaceX is going down slowly. Amazon dropped like a rock at the same time as Intel and AMD, but they seemed to have climbed out of the ditch somewhat, but as of yet still not up to where they were before 4pm CET yesterday.

    Nvidia is also down, but not by much. In fact, a lot of America is down in stocks at the moment, while Europe is going up in stocks.

    • IndustryStandard@lemmy.worldEnglish
      51·
      6 天前

      Every big financial crisis has a few pump and dumps along the road before the real sell-off starts, which is all in the hands of the actual elite.

    • UnderpantsWeevil@lemmy.worldEnglish
      2·
      5 天前

      Intel is down, AMD is down, SpaceX is going down slowly.

      Off of stratospheric highs. They’re now merely overvalued, rather than extremely overvalued

  • AccoSpoot1@lemmy.worldEnglish
    131·
    7 天前

    That is a frankly absurd amount of money to lose in a single day and not go out of business!

      • merc@sh.itjust.worksEnglish
        10·
        7 天前

        Maybe not even that. The people who bought at the top might not be the ones who sold. The ones who sold might be long-term investors who are still in the black because of the stock’s huge growth in the last 5 years. Someone who bought the stock exactly a year ago is only down about 1.5%. Someone who bought 5 years ago has almost doubled their money.

        All that has really happened is that the collective opinion of all Alphabet shareholders is that the company was overvalued by about 15% compared to what they thought it was a couple of days ago.

        • Windex007@lemmy.worldEnglish
          1·
          6 天前

          The degree to which share price discovery is fundamentally rooted in optimistic speculation, as opposed to any actual evidence… at some point talking about “value” becomes a little weird. “Overvalued by 15%” reads like a chemist doing a titration.

          People were more interested in selling than buying yesterday.

    • tauisgod@lemmy.worldEnglish
      1·
      6 天前

      I bought a block of cheese for $10. Yesterday someone offered me $12 for it. Today someone offered me $8 for it. Where did the $4 go?

  • radiofreebc@lemmy.worldEnglish
    3·
    5 天前

    Pretty soon the stock market is just going to be GameStop, and the people who believed that stock was showcasing the fundamental cracks in the market. Wall Street has never cared as much about investors, as when it comes to warning people what a risky stock GME is…but that’s just because they’re Marianas Trench level underwater shorting that stock.

    GME will be the last stock standing when it all comes undone.

    Ad hominem attacks and FUD incoming in 3…2…1…