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.
  • radiofreebc@lemmy.worldEnglish
    0·
    9 hours ago

    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…

  • nothrone@lemmy.dbzer0.comEnglish
    0·
    23 hours ago

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

  • NebulaNymph@programming.devEnglish
    0·
    1 day ago

    Completly off topic, but English is such a frustrating written language. Re-read (is that past-tense or future-tense? unimportant!) the first part of the headline several times because I was reading:

    Alphabet shares (as in file share) record (as in Guiness World) their worst day ever

    Then pausing to try and decide if my brain was melting or there was a grammatical error; turns out I just read it poorly!

    Whoever decided things like they’re, their, there should all sound the same, and read, read should look the same; I wish them the worst day on record.

    • IlCaviale@lemmy.worldEnglish
      0·
      1 day ago

      dude at least it’s not japanese. Written japanese is easy to disambiguate, whereas spoken japanese is impossible to disambiguate to the point where the japanese themselves are trained to infer everything from context because everything they say is a homophone of everything else. And yet, despite being trained to do pragmatics since birth… they’re one of the most conformist peoples out there. Go figure.

  • Tattorack@lemmy.worldEnglish
    0·
    1 day ago

    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.

    • UnderpantsWeevil@lemmy.worldEnglish
      0·
      9 hours ago

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

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

    • IndustryStandard@lemmy.worldEnglish
      0·
      20 hours ago

      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.

    • tauisgod@lemmy.worldEnglish
      0·
      10 hours ago

      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?

      • merc@sh.itjust.worksEnglish
        0·
        1 day ago

        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.