Burn baby burn!!!

“Many in the market feel we have no choice but for it to work out,”

Yes this is what it everyone feels like when they are in denial…

  • itsgroundhogdayagain@lemmy.ml
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    20 minutes ago

    I can’t imagine my company trying to put the toothpaste back in the tube. I get so many ai slop meeting invite agendas, people won’t know what to do if they can’t auto-generate a word salad for their Teams call.

  • Th4tGuyII@fedia.io
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    8 hours ago

    Honestly, we’re screwed either way…

    If the bubble doesn’t burst, they’re going to keep building data-centres everywhere that massively drive up the cost of living everywhere.

    If the bubble does burst, these companies are gonna drag the taxpayer down with them, which will likely cause yet another massive recession and drive up the cost of living.

    But for a short time the shareholders made a lot of money, and isn’t that truly wonderful /s

    • Photon1c@lemmy.world
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      8 hours ago

      I’m finally getting in position to buy a decent amount of shares so a big market correction would be quite welcome

  • eatshitforeverbutinaniceway@quokk.au
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    8 hours ago

    I’m going to make a bunch of suicide kits and pass them out in silicon valley.

    initial concept: 3d printed single shot unrifled plug-in zip guns, and a mini bottle of the saddest booze I can think of. but that doesn’t feel silly or sad enough, and still requires expensive bullets. anybody got better ideas?

    zip gun selfie stick with a qr code to upload photo/video for humanity to enjoy?

    I need input here. what else might go in a suicide kit for tech vc idiots? what is the saddest booze? what kind of bullet is likely to injure but not immediately kill them, and be really funny?

  • normalentrance@lemmy.zip
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    6 hours ago

    I’ve had amd stock since they were a scrappy underdog to intel. This is one of the first times I’ve considered selling it. I mean I won’t… but it’s tempting

    • mycodesucks@lemmy.world
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      7 hours ago

      We wait and enjoy the show until we can finally buy ram and GPUs again at reasonable pricing…

      Narrator: Even after the crash, they never got to buy RAM and GPUs again at reasonable pricing.

  • DarkCloud@lemmy.world
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    8 hours ago

    I think thus is very wishful thinking which reflects a society that overly focuses on the proposed importance of big do nothing companies.

    Wow Amazon is down two percent and alphabet is down 12… And this is the end of AI?

    I wish. But I don’t think so.

    • Warl0k3@lemmy.world
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      8 hours ago

      While you’re right that it’s probably a little premature to celebrate, there was still about $1 trillion in market cap for the semiconductor industry wiped out today. So put the champagne on ice and have the party hats and uncorking sabers on standby cuz this is a pretty big portent of future events (also probably prudent to buckle up because this burst is gonna trigger a recession the size of Musk’s ego that’s going to ruin a fuckload of people’s lives. But hey at least the AI bros are suffering along with us, sorta.)