Eyup. Quarterly reports, and the investors not being happy about it.
A lot of the big corpos have reported something called “negative income” yet doubling down even harder on “we gotta spend more on AI now. MOAR!!!” and nobody liked that.
A comment on Yahoo Finance from some dude called Lerner:
“The story is no longer simply about the strength of AI demand. Wall Street is increasingly demanding evidence that heavy investment will translate into durable profits and cash flow,”
I thought that was what OP was talking about, Google’s hard crash and now other AI stocks are dropping. Still, there’s nothing crazy in the market so far (other than Google).
I mean a 5% drop isn’t that crazy. Google lost like 15% the other day, now that’s a dip with some chest hair!
Intel lost 30%.
Oh i just peed a little
Holy shit. What even happened yesterday that so many companies’ stock is crashing? Quarterly reports?
Eyup. Quarterly reports, and the investors not being happy about it.
A lot of the big corpos have reported something called “negative income” yet doubling down even harder on “we gotta spend more on AI now. MOAR!!!” and nobody liked that.
A comment on Yahoo Finance from some dude called Lerner:
“The story is no longer simply about the strength of AI demand. Wall Street is increasingly demanding evidence that heavy investment will translate into durable profits and cash flow,”
I thought that was what OP was talking about, Google’s hard crash and now other AI stocks are dropping. Still, there’s nothing crazy in the market so far (other than Google).