I started trading in early 2000 and lost $10k in my 20's, which really sucked, but it gave me some insight into what bubbles look like, and how the populace acts during one. First of all, back then, the internet was seen as dorky and only for losers by a huge number of people. Yes, the potential factor was there, but there were a ton of people that would rather be caught dead than be seen using the internet. This is what the nerds in their bubbles didn't see. I straddled the nerd world and the cool world in those days. One time in 2000 my friend got made fun of by the group because he said he found the bar that he chose in Manhattan "oN tHe iNtErNeT" and everyone laughed. Now with AI, everyone's mind is blown. It's like magic. And with robots coming out, the average Dick and Jane's are seeing it, and this is the next leg of the investors. There were late-bloomers to the dot.com bubble, but this one has a much, much longer tail. It's inescapable you see AI everywhere now. The robots will be the next big leg of this super bubble. Everyone has been shocked by ai and current robot tech, unlike the heralding of the internet, where it was like "eye-roll" by a huge portion of the population that the nerds and Silicon Valley elites never saw. And the source is the chips. I think chips go hard from here, even though they are up. This pisses on the internet bubble.
The bubble will last much longer than the Dot.com Internet bubble did
byu/MBlaizze inStockMarket
Posted by MBlaizze
19 Comments
Brutal lack of carriage return
What’s the bubble again?
Who is going to power all of this?
It’s priced in
I agree and it feels like we are finally on the cusp of the Jetsons. Everyone thought the internet was going to quickly bring us to flying cars but we are so not there 26 years later. The amount of people investing now is incredible to the numbers of people trading in 2000.
The big dogs think whoever comes out on top this round might win all the marbles. It makes sense, the upside potential if you lock-in best-in-class AI is almost unlimited. Therefore, people will risk it all this CAPEX cycle because the prize is worth it.
Okay, having lived through dotcom as a developer, I agree with this. The internet was new, the idea that people have personal computers was only 20 years old. I didn’t get my first computer until 1997 and it cost as much as my car. It was an investment. Back then, the internet was a foreign that was hard to trust. Systems were new and janky; computer science at scale wasn’t really a thing. Developers built enterprise systems, not global systems. Payment systems were new, online stores were new, it didn’t really start to solidify until after the crash and the second “try” at the internet took hold with the survivors.
AI is different in that people have been thinking about this moment since the dawn of computing. It is not foreign, AI is replacing people so while maybe not trusted, it is not as weird the same way the internet was.
everyone talking about the ai bubble is missing the big picture. AI is a matter of national security. its completely different from dotcom
AI companies have had a clear path with very little oversight and almost no regulation. When a number of aged senators learn that AI is taking away their grandkids entry level opportunities and decide AI needs to be looked at, that’s the day the valuations collapse. Thats why the companies are so aggressive in getting their products out, they know there is a point of no return and they are racing to it. The market is a bet on the companies winning.
Some people have explained it by saying that if AI could be related to social media, then we’re still in the MySpace era.
It will go longer because big companies can hide the lack of true profitability in their earnings far easier, and fund the circular financing far longer.
Remember it was 2.5 years from dot com bubble peak to bottom of market. Market “crashes” don’t always happen in a day or even a week or month
Sell in May and go away
AIs are just large language models, and all they are is just high tech plagiarism that destabilizes society. It is not as big as the creation of the internet. It is a promising technology in the same way that a high tech calculator is interesting, but it is unregulated, costly, and dangerous the way it is being rolled out and shoved down our throats.
Machines are not going replace humans as work is just made up anyways. If machines can sort packages or do basic labor then humans can be directed to new tasks.
The real issue with AI is that the data centers rot civilization and governments want to create a surveillance state with it. The companies that make it are also not making a profit off of selling it. It is a bubble so big the US can’t afford to bail it out when it pops.
The problem isn’t the bubble but oil. If the war ended you would be right. If we keep the status quo the the Boris shut max we have 4 months.
“This time is different” is no different than before you started trading but yes let’s forget the fact all bubbles have popped although this this one is not a bubble because of robots.
Unemployed don’t consume and neither do robots.
Lol, again bubble. Ppl are crying about bubbles on this sub for more than 4 years, imagine you Soldaten bcuz of this trash talk
Gain insights into paragraphs
fwiw, in my friend group if a buddy picked the bar using ChatGPT we would all roast him