There are fresh signs that the AI boom is wobbling. Again. In recent weeks, a much-vaunted AI focused hedge fund run by Valley wunderkind Leopold Aschenbrenner lost $35 billion dollars. South Korea saw its largest-ever stock market collapse as investors pulled bets on AI chips. Due to a fresh series of moratoria and political opposition, the future of the massive data center buildout has never looked more uncertain. The US markets have dipped and boomed, dipped and boomed.
Chances are you’ve already seen Ed Zitron commenting on the AI bubble.
I’ve seen dozens, but despite that, this had new angles I had not seen before, and it’s absolutely fascinating to see this play out in real time IMO.
If you combine the content of this video with the other one I just put up by Asian Dad Energy, it should be clear you’d have to be a very daring investor to get anywhere near anything AI.
AI trade came over to me. I’m considering changing my 401k into a money market until this pops
Honestly, I don’t feel comfortable with stocks currently. But 100% I won’t touch anything AI related.