Another OPEN AI investment… another stock explode

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    Posted by SpyJigu

    14 Comments

    1. I like that openAI has announced a trillion dollars in investment and purchases and only makes 12 billion per year in revenue. When the market eventually corrects it is going to be wild.

    2. panderson1988 on

      I get how there is always speculation, but this is insane imo. A 5-10% jump, I can see that, but not 33% based on an Open AI investment. Especially since there is always some beef with Sam Altman and Elon Musk to a random week when people question the ROI in the long run.

    3. thomasthetanker on

      I can’t wait for Open AI to sell yet another 10% of their company, and then people realize Sam already sold 120% of it…

    4. I’m new to trading and the stock market, I’ve lost some, I wanna make more but today so many people are like yes we knew AMD was going up and I just want to ask HOW how do people know. I read the news and know about earnings etc but this feels like a different thing, are groups worth it or what?

    5. ProofByVerbosity on

      Yup, was lovely to wake up to. My price targets to sell my AMD was $200. So it was a lovely morning. Was happy with my profit till scrolling through WSB and noting $100k+ gains. Good for them. Anyway, sold as soon as I saw. AMD has been overly beaten up forever and was the only one in the space that needed thier pop.

    6. Do you ever just have this regret of not getting in earlier? 😂 I literally saw an ascending triangle formed on the daily and a bigol green candle breaking structure. I could throw my laptop across the room. 😭

    7. I had been holding AMD since 2021 — it was one of my favorite stocks. A super stable company with solid growth and good ideas. But today, I had to sell when the market opened because their revenue growth expectations are simply unsustainable. A 125 P/E — that’s all I have to say. I’ve started to hate AI, because every company it touches turns into a bubble.

    8. You people need to realize that governments around the world are racing to become leaders in AI. It’s not about ChatGPT. Compute power is the next nuclear arms race.

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