This is only a subjective feeling and I do not have substantiated reasoning behind it, but it does feel like the bubble began bursting.

More and more people admitting that it is a bubble, even among the insiders and financial institutions.

We also got some infographic that AI companies are propping each other up. Not really indicative of anything, but it adds to the feeling.

Also idk, the pattern on the stock market looks like the top is in. Ironically, I am relying in this signal the most. Just wanted to post that.

  • I Cast Fist@programming.dev
    56·
    2 days ago

    Here’s to hoping it doesn’t take long to burst, but I’m afraid nvidia still has too much money to keep the bubble going until 2027

    • panda_abyss@lemmy.ca
      36·
      2 days ago

      Nvidias stock price is frankly insane.

      I would short it, but if I went by all my instincts I’d have been shorting Tesla for 5 years now.

      And the liability OpenAI holds is terrifying.

      2008 happened because so staging like 13T of money (built on fraudulent mortgage values) that never should have existed disappeared, with these inflated prices we’re looking at a milder situation but probably still a big hit.

      Given how the rest of the economy is probably already in mild recession I think this one will hurt, even if mild.

      This all could have been sustainable, but Zuck and Altman and co are all pushing this way too far. Altman really needs someone to slap his hand as he keeps trying to take more and more.

      • CompactFlax@discuss.tchncs.deEnglish
        15·
        2 days ago

        Th economy is in a recession, and the money the hyperscalers have been throwing at AI is kinda like a bailout. Just wait for it all to stop.

        • cecilkorik@lemmy.caEnglish
          10·
          2 days ago

          It’s not even a bailout, it’s a financial potemkin village we’ve built to obscure how bad the recession actually is, and how much of a long-term depression it is likely to be.