A tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AIcompanies and chipmakers that have driven stock markets to record highs.
The tech-heavy Nasdaq index opened 2% lower on Tuesday. The Dow and S&P 500 were also down at opening.
All three major US indices have hit record highs this year, riding off a rush of funding to support AI technology and infrastructure. Nasdaq is up 10% for the year, while the Dow jumped 6% so far this year, breaching past 51,000 points, and the S&P 500 is up 7.3%.
Is the AI-pocalypse finally here?
When do they start jumping off of buildings?
Not soon enough
Is it finally happening? Do we put up the Ron Paul meme?
After hours is already buying the dip. This looks like a blip.
Boo….
Not until you buy your calls with your 401k to save the rest of us.
Articles like this are just exhausting. Todays dip equals a single day of gains from [pick a day this month]
I hope the selloff continues forever.
I hope every dipshit who invested can’t sell their stock and it all goes in the fucking toilet.
And ever
The fact that there wasn’t a bigger sell off when they banned Fable 5 is ridiculous. The stock market doesn’t represent real conditions at all.
Why would that trigger a sell off? It was an official US government stamp of approval that “These things are so dangerous and powerful we have to treat them as weapons.” It was bullshit but it played straight into Anthropic’s story.
In a “free market” it would be a worrying sign that the government can just tell one of the highest valued corporations “nope, we’re not permitting you to do that, your entire business model is dictated by us”. But we don’t have a free market, and the stock market doesn’t represent the reality of the situation, just like how valuations of AI companies keep going up even though something like GLM-5.2 exists. I think investors are probably just dumb, and we’re in a bubble.
I’m on the nothing ever happens train. The market fluctuates. Space x was down below offering then it was up again, now it’s at like 156. The market goes down it goes up. Nothing changes.
Do they prefer their market(ini) stirred, not shaken?
Meanwhile, AAPL is more or less steady, and certainly not plummeting in formation with the hyped AI stocks. I bet their investors are feeling good about being left behind.
Apples nextOss is heavy into AI. Everyone acts like they’re outsmarted everyone. They failed I’m not saying it won’t work out but they tried to get into AI 2 years AFO and it didn’t work.
Some think that means they recognised the hype doesn’t match the ability. They are incorporating ai, but licenced it instead of huge capex to do their own. They can just cancel it in the future.
annnnd – there it goes!
\o/
