Investors are already preparing for a major tech sell-off, the Financial Times reports. The reporting shows that plenty of fear and uncertainty remain over the untold billions of dollars being poured into wildly unprofitable AI ventures — a dynamic that’s seen AI companies’ valuations skyrocket to record heights, despite dubious prospects of ever turning a profit.
Some are pulling back on their investments in major tech stocks, while others are outright betting on eventual drops in share prices.
One investment fund, Blue Whale Growth, sold its Microsoft and Meta stock in the second quarter of last year, with chief investment officer Stephen Yiu telling the FT that “we are concerned about the return on investment in some cases, while some of the valuations are insane — especially in private markets.”
dano1066 on
I’ve been saving money to buy when it hits rock bottom!
Lego-Under-Foot on
It’s hard to claim this when the stock market literally made new all time highs today
BTCWallahFXEmpire on
So the cash-rich tech companies won’t intervene at all if bears wanna pop their “AI bubble?”
AwakePlatypus on
Come on and burst already so we can get this over with
00x0xx on
First sentence of the article:
> Fears over a growing AI bubble that could wipe out the entire economy if it were to burst continue to mount.
Indeed. The problem is that AI is tied up in every sector of our economy. So if the AI bubble burst, it will bring down every sector.
This truly looks like Tulip mania that afflicted and brought down the Dutch economy in the mid 1600’s.
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Investors are already preparing for a major tech sell-off, the Financial Times reports. The reporting shows that plenty of fear and uncertainty remain over the untold billions of dollars being poured into wildly unprofitable AI ventures — a dynamic that’s seen AI companies’ valuations skyrocket to record heights, despite dubious prospects of ever turning a profit.
Some are pulling back on their investments in major tech stocks, while others are outright betting on eventual drops in share prices.
One investment fund, Blue Whale Growth, sold its Microsoft and Meta stock in the second quarter of last year, with chief investment officer Stephen Yiu telling the FT that “we are concerned about the return on investment in some cases, while some of the valuations are insane — especially in private markets.”
I’ve been saving money to buy when it hits rock bottom!
It’s hard to claim this when the stock market literally made new all time highs today
So the cash-rich tech companies won’t intervene at all if bears wanna pop their “AI bubble?”
Come on and burst already so we can get this over with
First sentence of the article:
> Fears over a growing AI bubble that could wipe out the entire economy if it were to burst continue to mount.
Indeed. The problem is that AI is tied up in every sector of our economy. So if the AI bubble burst, it will bring down every sector.
This truly looks like Tulip mania that afflicted and brought down the Dutch economy in the mid 1600’s.