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   atomicpoet (atomicpoet@atomicpoet.org)'s status on Wednesday, 07-Aug-2024 05:45:57 JST atomicpoet

   Tesla has lost 20.61% of its value over the past month.

   Amazon has lost 19.48% of its value.

   Nvidia has lost 22.11% of its value.

   Intel has lost 40.17% of its value.

   All told, it’s been a terrible month for Big Tech.

   • Embed this notice
     atomicpoet (atomicpoet@atomicpoet.org)'s status on Wednesday, 07-Aug-2024 05:45:54 JST atomicpoet

     in reply to

     • John Haley

     @john I’m loath to declare a bubble yet. But one thing is certain: investors are running out of patience with the capital required to build out A.I.

   • Embed this notice
     John Haley (john@mastodon.haley.io)'s status on Wednesday, 07-Aug-2024 05:45:55 JST John Haley

     in reply to

     @atomicpoet Some of those have been laying off people for months like their stock was crashing. It just took a while for the stock price to catch up :)

     Also I think we have a bit of an AI bubble that's popping. I closed out all of my positions on #NVDA on July 1st which wasn't exactly the peak but pretty close to it.

     HistoPol (#HP) 🥥 🌴 repeated this.
   • Embed this notice
     HistoPol (#HP) 🥥 🌴 (histopol@mastodon.social)'s status on Wednesday, 07-Aug-2024 05:46:00 JST HistoPol (#HP) 🥥 🌴

     in reply to

     • John Haley

     @atomicpoet

     Excellent.

     @john